Nigeria’s pension assets increased to a record N30.94 trillion in April 2026, according to the National Pension Commission (PenCom).

This represents a growth of 4.8 per cent compared with N29.52 trillion recorded the previous month.

In its unaudited report on the pension funds industry portfolio for the period ended April 30, 2026, PenCom said the industry’s asset base expanded by N1.42 trillion during the month under review.

“Domestic ordinary shares rose to N6.51 trillion from N5.46 trillion,” the report noted, adding that it reflected a significant increase in pension fund investments in equities.

The surge in equity holdings accounted for a significant portion of the overall growth in pension assets in the period under review.

Federal Government securities remained the largest asset class in the industry portfolio, accounting for N17.36 trillion, about 56 percent of total pension assets.

PenCom said money market instruments rose to N2.66 trillion from N2.55 trillion, while corporate debt securities increased marginally to N2.251 trillion from N2.250 trillion recorded in March.

The report added that infrastructure funds increased to N312.61 billion from N224.23 billion in the previous month, while investments in private equity stood at N256.96 billion.

However, investments in mutual fund holdings declined during the period under review.

“Mutual funds fell to N262.58 billion from the N341.79 billion recorded in March,” the report noted.

The report also showed that retirement savings account (RSA) membership increased by 49,222 contributors during the month.

The Commission said about 11.23 million members enrolled in April 2026, relative to the 11.18 million recorded in March 2026.