The Personal Pension Plan recorded an appreciation in participation and asset growth as of August, when it stood at N1.58bn, the latest data from the National Pension Commission has revealed.
According to PenCom data, the Personal Pension Plan expanded from N185.18m in August 2021 to N1.58bn in August 2025.
Intermediate growth markers of N313.46m in August 2022, N560.06m in August 2023 and N968.27m in August 2024 were recorded before it crossed the N1bn threshold this year.
The PUNCH reports that the regulator had recently rebranded the Micro Pension Plan to the Personal Pension Plan to boost enrolment in the informal sector and improve contributions from formal employees with the inclusion of voluntary contributions in the scheme.
The Pension Fund Operators Association of Nigeria, commenting on the development, said, “Over the past five years, the plan has recorded remarkable growth from N185.18m in August 2021 to N1.58bn in August 2025.
This represents an increase of over 750 per cent in five years. This reflects increasing awareness, confidence, and participation among Nigerians seeking to take charge of their retirement planning.”
