Nigeria’s pension fund assets recorded a significant increase, rising from N28.03 trillion in January 2026 to N29.43 trillion as of February 28, reflecting strong momentum in the country’s retirement savings system.
The N1.39 trillion jump represents a 4.96 per cent growth within a single month, underscoring improved contributions and gains across key asset classes.
Federal Government securities continued to dominate the portfolio, accounting for over N16.9 trillion of total assets. Domestic equities also posted notable growth, climbing to N5.4 trillion, while foreign equities remained relatively stable at N261.9 billion.
Fund III led the expansion with a gain of N810 billion, supported by contributions from Closed Pension Fund Administrators, corporate bonds, and money market instruments, which collectively boosted overall performance.
Retiree funds recorded a marginal increase of N756 million, while alternative investments showed modest movements. Private equity rose to N258 billion, real estate holdings remained steady at N169.5 billion, and infrastructure funds added N300 billion to the total.
The number of Retirement Savings Account holders also grew, reaching 11.13 million contributors, reflecting broader participation in the pension system.
Analysts attribute the growth to sustained inflows, stable returns on government-backed instruments, and gradual diversification across asset classes, reinforcing the resilience of Nigeria’s pension industry.
