Nigeria’s Pension industry strengthened further in October 2025, reaching ₦26.66 trillion.
This represents a 2.19% increase from September and a 21.63% rise year-on-year.
Nigeria’s Pension Industry Strengthens
Despite high inflation, currency swings, and uncertain markets, pension fund administrators maintained stability.
Moreover, Retirement Savings Accounts rose slightly from 10.93 million to 10.97 million, as more workers joined the formal workforce and micro-pension schemes.
Government And Money Market Dominance
Government securities continued to dominate pension portfolios, representing almost 60% of total assets.
Treasury bills surged 11.34%, attracting investors with short-term yields.
Federal Government bonds, the largest component, grew 8.14% to ₦13.88 trillion, or 52% of total assets.
Additionally, investors turned to Sukuk and green bonds, diversifying portfolios and reducing risk exposure.
Money market instruments climbed 18.85% to ₦2.88 trillion.
Fixed deposits and bank acceptances drove this growth.
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However, foreign money market instruments fell 44.8% due to currency volatility.
Corporate debt declined 3.41% to ₦2.16 trillion as investors factored in credit risks and higher borrowing costs.
Equities And Alternative Assets
Domestic stocks grew 5.01% to ₦3.84 trillion, driven by bargain-hunting, whereas foreign equities dropped 6.45% due to FX repositioning.
Alternative assets delivered mixed results: infrastructure funds rose, private equity fell, and real estate dropped sharply.
Cash holdings declined 16.79% as fund managers reallocated into higher-yielding government and money market instruments.
Fund II—the default for contributors under 50—rose 2.68% to ₦11.25 trillion.
Fund III for pre-retirees increased 1.89% to ₦6.85 trillion.
Other funds, including Shariah and retiree accounts, also delivered steady gains.
October 2025 highlights how Nigeria’s pension industry actively prioritises safety and liquidity.
With assets surpassing ₦26.66 trillion, pension fund administrators continue to stabilise financial markets while balancing growth and risk effectively.
