PenCom: Pension fund assets rise to N23.33trn in Q1 2025

The National Pension Commission (PenCom) has disclosed that the total assets under the Contributory Pension Scheme (CPS) rose to N23.33 trillion in the first quarter of 2025.

The Director of Surveillance, PenCom, Saleem Abdulrahman, disclosed this on Thursday, June 20, 2025.

Abdulrahman said the figure represented an increase of N820 billion when compared with the N22.51 trillion recorded as of December 31, 2024.

He 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.

Breaking down the pension assets, Abdulrahman said the Retirement Savings Account Funds I–VI accounted for N17.90 trillion or 76.73 per cent of the total pension assets.

Abdulrahman said existing schemes accounted for N2.77 trillion or 11.87 per cent, while closed pension funds accounted for N2.66 trillion or 11.40 per cent.

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The PenCom official added: “The Pension Fund Assets were mainly invested in Federal Government Securities which accounted for 62.09 per cent of the total Pension Assets as at March 31.

“This is followed by domestic ordinary shares with 11.02 per cent and money market instruments which accounted for 8.91 per cent.

“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 commisison to promote a diversified and safer pension fund investment portfolio in order to enhance the performance of the pension portfolios.”

The Star