Where Are Nigeria’s Pension Funds Invested? Inside the N31.32 Trillion Industry

Nigeria’s pension funds are mainly invested in Federal Government securities, Nigerian company shares, bank deposits, corporate bonds and other regulated financial assets. As of May 31, 2026, Nigeria’s pension industry had accumulated approximately ₦31.32 trillion in assets, according to data from the National Pension Commission. More than half of this money was invested in securities …
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