Nigeria’s pension fund assets rose to N31.8 trillion in August 2026, recovering from a decline recorded earlier in the year, according to data from the National Pension Commission (PenCom).
The latest figures showed that the assets gained about N480 billion between May and August, despite falling from N31.32 trillion in May to N30.69 trillion in June.
The pension industry subsequently recorded a recovery in July, when total assets increased to N31.51 trillion, before rising further by N289.4 billion to N31.8 trillion in August.
On a year-to-date basis, pension assets increased by N3.8 trillion, from N28.04 trillion recorded in January to N31.8 trillion in August.
The growth reflects continued contributions and investment activities under Nigeria’s Contributory Pension Scheme.
PenCom data also showed that the number of Retirement Savings Account contributors increased to 11,391,008 as of August 2026.
Federal Government securities remained the largest investment category, accounting for about N17.8 trillion of the total pension assets. Domestic equities followed with N6.32 trillion, while money market instruments accounted for N3.27 trillion.
Other investments included N2.21 trillion in corporate debt securities, N344.62 billion in infrastructure funds, N267.01 billion in private equity and N132.81 billion in real estate investments.
The latest figures underscore the continued expansion of Nigeria’s pension industry and its growing role in providing long-term capital for the economy.
