This was disclosed on Thursday in Lagos by the Director of Surveillance at the National Pension Commission (PenCom), Mr. Saleem Abdulrahman, during a stakeholders’ session.
According to Abdulrahman, the ₦820 billion increase was largely driven by sustained contributions from Retirement Savings Account (RSA) holders, as well as investment income stemming from rising equity values and interest yields on fixed-income instruments.
Abdulrahman explained that the bulk of the assets—₦17.90 trillion or 76.73%—reside in RSA Funds I to VI. Existing schemes made up ₦2.77 trillion (11.87%), while Closed Pension Funds accounted for ₦2.66 trillion (11.40%).
In terms of investment distribution, the report showed that:
