Pension Money Don Rise, Private Sector Dey Collect Am Well-Well!

Heard di latest? Naija pension contributions don reach N1.318 trillion for di first three quarters of 2025! E no be small matter oh, especially as private sector dey show strong hand like say na dem get di money pass.

According to wetin National Pension Commission (PenCom) yan, dis amount wey dem don contribute don almost reach di total wey dem gather for all di year 2024 wey be N1.368 trillion. As e be now, naija people dey sabi save for dia future, and dem dey do am well since 2022.

For di private sector, dem contribute N744.36 billion, while public sector just dey follow waka with N574.42 billion. No be say public sector no try, but dem dey lag behind small small. As dem dey compare numbers, you go see say private sector dey collect more pension small small, like say dem get better strategy.

If we carry dem quarterly scores, Q3 no go fit hide as e shine bright like diamond! Contributions start from N389.17 billion for Q1, climb to N426.42 billion for Q2, and reach N503.19 billion for Q3. Dis three quarters be like say na dem dey boost di economy well well.

Di jolly news no stop for there! Private sector contributions don climb high to N338.65 billion, beasting public sector wey only reach N185.93 billion for di same period. Wetin we fit conclude from dis be say na private sector dey spearhead di pension wahala for Naija.

Pension Fund Operators Association of Nigeria still talk say compliance don improve well well dis Q3, as dem set record with N503.19 billion wey don enter individual Retirement Savings Accounts. Dem confirm say private sector na di bigger player as e dey represent 67.3% of di total inflow.

But no be all sweet news for public sector oh, because dem remittance don fall by 26.5%, landing dem for N164.54 billion for Q3 after dem start with N223.95 billion for Q2. Na seasonal wahala dey cause am, but still, dem go need to step up even more to keep up with di fast-rising private sector.

For di big picture, total pension contributions don consistently cross N1 trillion for di last four years, wey dey show say Naija dey komot small from di old ways wey people dey think say dem no go fit save for future. As of September 2025, total contributions don gather reach N12.627 trillion since di beginning of all dis pension saga.

Make we no forget, pension fund assets don rise to N26.66 trillion as of Octorber 31, 2025, up from N26.09 trillion. Dis na di kind money wey dey serve like strong backbone for our economy dey grow. Na wetin go make dem fit do better investment, and also help our people receive dem retirement benefits well well.

So my people, make una keep di gist alive—this pension matter dey enter new level! If you no don start to dey save for your retirement, e be like say you dey miss road big time. Small drops of water dem dey make mighty ocean, na so e be for pension savings too.