Nigeria’s pension funds totaled N28.04 trillion, with federal government securities and domestic stocks accounting for 74.85 per cent of the portfolio, as of January 31, 2026.
The National Pension Commission reported the figures in its latest unaudited industry portfolio update, highlighting fund managers’ preference for government-backed instruments and local equities to ensure safety and regulatory compliance.
The report also revealed that Nigeria’s pension industry grew by N580.22 billion in January 2026, rising from a net asset value of N27.46 trillion at the end of December 2025.
Year-on-year, total pension assets saw a substantial increase of N5.17 trillion.
By the end of January 2026, Nigeria’s pension fund assets reached N28.04 trillion, with federal government securities and domestic equities together representing N20.59 trillion of the total portfolio.
The figures highlight the dominance of these two asset classes in the industry’s investment strategy.
Of the total assets, N16.7 trillion was invested in federal government securities, including bonds, treasury bills, and other government-backed instruments.
Domestic equities contributed N4.29 trillion to the total portfolio, reflecting investments across key sectors of the Nigerian economy.
The prominence of these asset classes aligns with regulatory investment limits that guide how pension fund administrators allocate contributors’ funds across approved instruments.
Beyond federal government securities, other investment categories—such as corporate bonds and money market instruments—also formed part of the total N28.04 trillion asset pool.
Beyond federal government securities and domestic equities, Nigeria’s pension portfolio also includes significant non-government asset classes.
Foreign equities made up N262.99 billion of total assets, primarily through allocations under Fund I.
Corporate debt securities totaled N2.23 trillion, driven mainly by bonds held to maturity and those classified as available-for-sale, with Funds I and II holding the largest shares.
