- Nigeria’s pension fund assets surged to N28.04tn as of January 31, 2026, marking a 22.64% increase from the N22.86tn recorded in the same period last year.
- The industry saw a significant monthly growth of N580.22bn, while the annual expansion added a total of N5.17tn to the national retirement pool.
- The contributor base continues to widen, with the total number of Registered Savings Accounts (RSA) reaching 11,084,127 by the start of the year.
Nigeria’s pension industry has opened 2026 with record-breaking growth, reflecting both increased contributions and strong investment performance.
Eko Hot Blog reports that according to the latest unaudited report on the industry’s portfolio, the net asset value rose from N27.46tn in December 2025 to over N28tn in just one month.
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This trajectory underscores the growing importance of the pension sector as a pillar of the Nigerian financial system.
The investment landscape remains dominated by Federal Government of Nigeria (FGN) securities, which currently house N16.69tn of the total funds.
Federal Government Bonds are the primary vehicle, accounting for N13.16tn, followed by Treasury Bills, Sukuk Bonds, and Green Bonds.
The industry also maintains a formidable presence in the capital markets, with N4.29tn invested in domestic ordinary shares.
To ensure portfolio diversification and support national development, the industry has allocated significant capital to alternative assets.
Infrastructure fund investments currently stand at N292.32bn, while private equities and real estate hold N241.85bn and N170.04bn, respectively. Mutual funds also received a healthy allocation of N240.49bn.
The RSA Fund II remains the most substantial fund structure with a net asset value of N11.86tn, followed by RSA Fund III at N7.19tn.
For those already in their post-employment years, the retiree-focused Fund IV holds N2.27tn, ensuring a stable pool for monthly payouts.
This growth comes at a critical time as the Federal Government recently approved a 100% gratuity for retiring civil servants, further highlighting the ongoing reforms aimed at strengthening the financial security of Nigerian workers.
