The National Pension Commission (PenCom) has linked the recent growth in pension fund assets to its continued use of strategic asset allocation and diversification across investment portfolios.
According to data released by the commission, Nigeria’s pension assets rose by 1.77% in February, reflecting a steady trend of financial stability within the industry. The total net asset value (NAV) of the fund climbed from N22.86 trillion in January to N23.26 trillion by the end of February.
A major portion of the fund remains allocated to federal government securities, which represent N14.46 trillion—about 62.18% of the overall portfolio.
PenCom’s report also highlighted other key investment areas. Holdings in corporate debt securities stood at N2.32 trillion, while assets in money market instruments reached N2.21 trillion in February, up from N2.18 trillion the previous month—signaling a modest rebound in that sector.
Further analysis revealed a 30.17% rise in commercial paper and a 7.77% uptick in foreign money market instruments, both contributing to the overall increase in the fund’s value.
The commission emphasized that its consistent diversification efforts are central to the resilience and long-term growth of the pension fund industry, even amid fluctuating market conditions.
