The National Pension Commission (PenCom) says the total assets under the contributory pension scheme (CPS) rose to N23.33 trillion as of March 31.
Saleem Abdulrahman, director of surveillance, at PenCom, spoke on Thursday in Lagos.
Abdulrahman said that the figure represented an increase of N820 billion when compared with the N22.51 trillion recorded as of December 31, 2024.
The director attributed the growth in pension assets to additional contributions from retirement savings account (RSA) holders and investment income, including gains from the appreciation of equity prices and interest income on fixed-income securities.
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Breaking down the pension assets, he said the RSA funds I to funds VI accounted for N17.90 trillion or 76.73 percent of the total pension assets.
Abdulrahman said existing schemes accounted for N2.77 trillion or 11.87 percent while closed pension funds accounted for N2.66 trillion or 11.40 percent.
“The pension fund assets were mainly invested in federal government securities which accounted for 62.09 percent of the total pension assets as at March 31,” he said.
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“This is followed by domestic ordinary shares with 11.02 percent and money market instruments which accounted for 8.91 percent.
“The industry portfolio reported annualised year-to-date performance of 19.29 per cent as at 31 March 2025.
“The commission in collaboration with Financial Sector Deepening Africa (FSD Africa) is organising a workshop on Investment in alternative assets, for chairpersons of the board investment strategy and risk management committees of PFAs.
“The workshop is part of the strategic initiative of the commission to promote a diversified and safer pension fund investment portfolio in order to enhance the performance of the pension portfolios.”
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In April, PenCom said the total value of pension assets under management had surpassed N23 trillion as of February.
