Nigeria’s Pension Assets Jump from ₦23.33 Trillion in Q1 to ₦24.63 Trillion in Q2 2025, Analysts Eye Strong Q3 and Year-End Surge

Nigeria’s pension industry is recording one of its strongest years yet, with total pension assets rising sharply from ₦23.33 trillion in Q1 2025 to ₦24.63 trillion by the end of Q2 2025. This increase of over ₦1.3 trillion in just three months reflects the strength of the Contributory Pension Scheme (CPS), driven by steady contributions from Retirement Savings Account (RSA) holders and robust investment returns.

The latest data from the National Pension Commission (PenCom) shows that the surge in Q2 was largely powered by investments in Federal Government of Nigeria (FGN) securities, equities, and money market instruments.

As Q3 2025 winds down, industry watchers are projecting continued momentum into the final quarter, with total assets likely to surpass ₦29 trillion by year-end if current trends hold.

Expert Commentary

According to investment strategist at Proshare:
“The leap from ₦23.33 trillion in Q1 to ₦24.63 trillion in Q2 demonstrates how strongly the pension industry is leveraging Nigeria’s capital markets. Q3 and Q4 could deliver record-breaking numbers if equities continue their bullish run.”

• Mrs. Gloria Nwosu, retirement planning consultant:
  “The rise in money market allocations in Q2 shows that PFAs are actively managing risk. This balance between safety in FGN securities and growth in equities is crucial for protecting retirees’ long-term savings.”
• Nairametrics analysts:
  “Compliance enforcement by PenCom and improved remittances from employers have strengthened Q2 inflows. This trend, coupled with investment income, explains the sector’s resilience.”

Asset Allocation Trends in Q2 2025

• FGN Securities: Dominated portfolios with consistent yields.
• Equities: Grew stronger in Q2, driving gains.
• Money Market Instruments: Increased share, reflecting diversification.

Outlook for Q3 and Q4 2025

With Q3 2025 nearing completion, analysts believe the pension industry is well-positioned to maintain its growth momentum. Stable government securities, bullish equities, and growing compliance in RSA contributions could push assets past ₦29 trillion by December 2025, setting a new record for the industry.

For contributors, the growth from Q1 through Q2 offers reassurance of steady returns, while for regulators, it highlights the importance of deeper reforms and diversification as the industry expands into new frontiers.

Nigeria’s pension assets rose from ₦23.33 trillion in Q1 to ₦24.63 trillion in Q2 2025, driven by equities and FGN securities. Analysts project assets could surpass ₦29 trillion by year-end.