Nigeria’s pension fund assets closed 2025 at a historic high of N27.45tn, consolidating the steady growth recorded through the final quarter of the year, according to the unaudited pension funds industry portfolio report for the period ended 31 December 2025.
According to the figures released by the National Pension Commission, the year-end figure represents a net increase of N399.27bn over November 2025, when total pension assets stood at N27.05tn.
On a year-on-year basis, the total pension fund assets grew by N4.94tn, rising from N22.51tn in December 2024, representing an annual growth of about 21.9 per cent.
The bulk of the year-on-year expansion came from the Retirement Savings Account Funds, particularly Fund II and Fund III. RSA Fund II assets jumped from N9.24tn in December 2024 to N11.52tn in December 2025, an increase of approximately N2.28tn.
RSA Fund III grew from N5.92tn to N7.02tn, adding about N1.10tn year-on-year. RSA Fund IV expanded from N1.62tn to N2.25tn, reflecting a rise of roughly N630bn over the period.
Assets under Existing Schemes also rose materially, from N2.79tn in December 2024 to N3.28tn in December 2025, while CPFAs increased modestly from N2.60tn to N2.69tn.
