Nigerian workers under the Contributory Pension Scheme (CPS) have contributed a total of N23.33 trillion as of the end of the first quarter of 2025.

According to Mr Saleem Abdulrahman, Director of Surveillance, National Pension Commission, PenCom, the figure represents an increase of N820 billion when compared with the N22.51 trillion recorded as of December 31, 2024.

He said the growth in pension assets was as a result of additional contributions from Retirement Savings Account (RSA) holders and investment income and gains from the appreciation of equity prices and interest income on fixed-income securities.

While breaking down the pension assets, Abdulraman said the Retirement Savings Account Funds I–VI accounted for N17.90 trillion or 76.73 per cent of the total pension assets, while Existing Schemes accounted for N2.77 trillion or 11.87 per cent. Closed Pension Funds accounted for N2.66 trillion or 11.40 per cent.

He noted that the Pension Fund Assets are mainly invested in Federal Government Securities which accounted for 62.09 per cent of the total Pension Assets as of March 31.

This, he said, is followed by domestic ordinary shares with 11.02 per cent and money market instruments, which accounted for 8.91 per cent.

The Industry portfolio reported annualised year to date performance of 19.29 per cent as of 31 March 2025.

He also disclosed that the commission is in collaboration with Financial Sector Deepening Africa (FSD Africa) to organize a workshop on Investment in Alternative Assets, for Chairpersons of the Board Investment Strategy and Risk Management Committees of PFAs.

The workshop, he said, is part of the strategic initiative of the commission to promote a diversified and safer pension fund investment portfolio in order to enhance the performance of the pension portfolios.