Director General of the National Pension Commission (PenCom), Omolola Oloworaran, yesterday revealed that the Nigerian pension industry has committed a total of N5.51 trillion to asset classes that support long-term financing for real sector growth.
Oloworaran gave the figures during a meeting with a delegation from the International Monetary Fund (IMF), led by its Senior Financial Sector Expert, Mr. Jose De Luna. The visit on Monday was part of the Fund’s 2025 Article IV Consultations.
The IMF staff held discussions with the commission’s key officials on matters relating to the pension industry and broader financial sector developments, according to a statement by PenCom.
Oloworaran, further explained that the real sector investments spanned infrastructure, private equity vehicles, real estate, and subnational infrastructure initiatives, among others.
Represented by the Head, Surveillance Department, Abdulrahaman Muhammad Saleem, the director general told the delegation that pension fund investments in the real sector of the economy are indicative of the industry’s vital role in providing funding for key economic growth and development in Nigeria.
In a presentation to the delegation, PenCom said the industry Net Asset Value (NAV) increased by 22.65 per cent from N18.36 trillion as of 31 December 2023 to N22.51 trillion as of December 31, 2024.
