The total pension fund assets under the Contributory Pension Scheme, CPS, increased by 2.2 per cent, month-on-month, MoM to N26.66 trillion in October 2025 from N26.09 trillion in September 2025.
National Pension Commission, PenCom, disclosed this yesterday in the unaudited report on pension funds industry portfolio for the period ended 31 October 2025.
Analysis of the report showed that a major chunk of the assets were invested in the federal government, FGN, securities, which increased by 1.3 per cent to N15.9 trillion from N15.7 trillion.
The total Retirement Savings Account, RSA, membership as at 31 October 2025 stood at 10,970,979, up from 10,928,039.
Meanwhile, Director General of PenCom, Ms. Omolola Oloworaran, said that the Commission has ushered in a new era of zero tolerance for pension defaults with accredited Recovery Agents serving as the cornerstone of Nigeria’s social contract with its workers.
Oloworaran said that there is renewed nationwide compliance push to recover outstanding pension contributions and penalties from employers who persistently violate the Pension Reform Act (PRA) 2014, which mandates remittance of pension contributions within seven working days of salary payment.
The Director General reaffirmed PenCom’s commitment to enforcing strict compliance across the pension industry.