Nigeria pension assets reach record ₦31.8 trillion

Nigeria’s pension fund assets reached a record ₦31.8 trillion as of August 31, 2026, according to unaudited data from the National Pension Commission (PenCom). This represents a growth of approximately ₦3.76 trillion during the first eight months of the year, a 13.41 per cent increase from the ₦28.04 trillion recorded in January.

The industry saw significant monthly fluctuations during this period. After growing by roughly ₦690 billion in May to reach ₦31.32 trillion, assets experienced a sharp reversal in June, falling by approximately ₦630 billion to ₦30.69 trillion. However, the sector recovered strongly in July and August, with assets rising by ₦820 billion in July and a further ₦289.4 billion in August.

As of August, the number of Retirement Savings Account (RSA) holders rose to 11,391,008. Federal Government securities remain the dominant asset class, accounting for ₦17.80 trillion of the total assets. PenCom estimates the dollar value of the industry’s assets at approximately $23.9 billion.