The Nigerian pension industry announed it has made a substantial commitment of ₦5.51 trillion to asset classes that support long-term financing for real sector growth.

This investment spans various sectors, including infrastructure, private equity vehicles, real estate, and subnational infrastructure initiatives.

According to the Director General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran, this investment demonstrates the pension industry’s vital role in providing funding for key economic growth and development in Nigeria.

She made this known during a meeting with a delegation from the International Monetary Fund (IMF) .

The IMF delegation, led by Mr. Jose De Luna, Senior Financial Sector Expert, discussed matters relating to the pension industry and broader financial sector developments

  The Director General,Mrs Omolola highlighted the industry’s Net Asset Value (NAV) growth of 22.65% from ₦18.36 trillion as of December 31, 2023, to ₦22.51 trillion as of December 31, 2024.

Despite the growth, the DG expressed concerns about the limited availability of investable instruments that meet the minimum requirements for pension funds’ investments in Nigeria.

Currently, only 86 investable instruments meet the minimum quality requirement.