Nigeria’s pension fund assets rise to N22.86trn in January 2025
BY MOTOLANI OSENI
Nigeria’s pension fund assets grew to N22.86 trillion as of January 31, 2025, reflecting a 1.55 per cent increase from the N22.512 trillion recorded in December 2024, according to the latest data from the National Pension Commission (PenCom).
The steady expansion highlights the resilience of the pension sector despite prevailing economic challenges. Analysts attribute this growth to strategic asset allocation and a diversified investment approach, which continue to strengthen investor confidence and sector stability.
A breakdown of the portfolio shows that Federal Government of Nigeria (FGN) securities remain the dominant investment, accounting for N14.309 trillion, or 62.59 per cent, of the total net asset value. Other key allocations include ordinary shares of local companies at N2.406 trillion (10.53 per cent), corporate debt securities at N2.267 trillion (9.92 per cent), and money market instruments at N2.182 trillion (9.55 per cent). State government securities stood at N248.80 billion.
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Despite the overall growth, money market instruments declined by 1.50 per cent month-on-month, falling from N2.215 trillion in December 2024 to N2.182 trillion in January 2025. Fixed deposits and bank acceptance increased by 1.13 per cent, while commercial paper investments fell by 13.33 per cent, and foreign money market instruments dropped by 26.07 per cent. Meanwhile, allocations to state government securities dipped 0.82 per cent to N248.80 billion, whereas supranational bonds surged by 34.09 per cent to N27.851 billion.
Industry experts project further growth in pension fund assets, supported by sustained investor confidence and proactive regulatory oversight. The continued expansion reinforces the sector’s significance in Nigeria’s financial ecosystem.
