LAGOS, May 7 – Nigeria’s pension fund assets increased to ₦29.52 trillion (about $21.73 billion) in March 2026, supported by gains in equities and holdings of Federal Government securities according to the National Pension Commission
The total asset base rose 0.31% from ₦29.43 trillion (about $21.5 billion) recorded in February, highlighting continued growth in the pension industry despite tight liquidity conditions and ongoing portfolio adjustments across the financial market.
Fixed-income instruments remained the dominant component of pension portfolios, with Federal Government of Nigeria securities continuing to serve as the primary investment anchor for fund managers.
Investment in government securities climbed to ₦17.14 trillion during the month, representing a 1.28% increase from February and accounting for about 58.07% of total pension assets.
The latest figures underscore the sector’s continued preference for low-risk assets amid market volatility and elevated interest rate conditions, while selective exposure to equities also contributed to overall portfolio gains.
Nigeria’s pension industry has continued to expand steadily in recent years, supported by mandatory retirement savings contributions and rising participation under the country’s contributory pension scheme.
