Nigeria’s Pension Commission net asset value rose tremendously in the year 2023.

Investments in this sector has experienced huge growth in almost all platforms.


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Pension Fund Operators Association of Nigeria (PenOp) has revealed that the pension net asset value rose to ₦17.7 trillion at the end of October 2023.

Data from PenCom, investment in ordinary shares grew from ₦1.1 trillion in 2023 to ₦1.59 trillion at the end of October 2023.

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Also, investment in Federal Government Bond grew from ₦9.48 trillion in January to ₦11.42 trillion in October.

Meanwhile, PenCom’s investment in the Money Market dropped significantly from ₦1.88 trillion in January to ₦1.69 trillion in October 2023.

Also. infrastructure fund investment gained, rising from ₦113.49 billion in January to ₦130 billion in October last year.

It rose from ₦15 trillion in January 2022, and was driven by diversified investment strategy of PenOp.


“2023 was a good year for pension fund investments, represented by some of the asset classes in pension fund portfolios.” PenOp said.

“From January until October 2023, ordinary shares witnessed a noteworthy increase of ₦58 billion, underscoring their robust performance.


“Simultaneously, Federal Government bonds exhibited substantial growth, marking an impressive uptick of 1.94 trillion”

According to the Association, there was a slight reduction of ₦19 billion in investments in the money market during October.

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“This suggests a strategic reallocation of pension fund assets to other classes.

“Notably, investments in infrastructure experienced a positive surge, showing an increase of ₦17 billion during this period.

“These shifts in asset values signify a responsive and diversified investment strategy, optimizing the portfolio to capitalise on varying market conditions and opportunities.”



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