Nigeria’s pension fund has been growing exponentially under the Contributory Pension Scheme (CPS), reaching over N24.1 trillion, approximately $15.6 billion

This is just as the current net asset value rose to N24.1 trillion as at May 30, 2025, growing by grew by N3.9trillion in one year.

The fund which recorded N20.2 trillion in May 2024 rose by 19.23 per cent.

This was shown in the National Pension Commission (PenCom) unaudited report on pension funds industry portfolio for the period ended May 31, 2025.

The report showed that while the fund recorded N24.1 trillion in June 2025, it stood at N23.65 trillion in April, 2025.

It also showed that more Nigerians registered under the CPS as registration of Retirement Savings Account (RSA) rose to 10.76million in May from 10.35 recorded in the previous month.

In a different report title Pension Industry Performance Dashboard, the commission stated that pension contributions made towards the total assets inception to March 2025 stands at N12.24trillion in the First Quarter (Q1) 2025.

Besides, N389.17 billion was recorded in Q1 2025 Contributions.

A breakdown shows that public sector employees contributed 6.40 trillion while private sector contributed N5.84 trillion.

Out of the N23. 33 trillion assets under management (AUM) in Q1, 2025, top asset allocations invested include federal government (FGN) SECURITIEs at N14 48 trillion representing 62.09per cent of the assets and corporate debt received N2.35 trillion representing 10.07 per cent.

Money market also got N2.08 trillion representing 8.9107per cent, Equities got N2.57 trillion representing 11.02per cent.