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| Ogas Tv Africa |
In a move aimed at securing better pension management and improved returns on retirement savings, no fewer than 19,969 Retirement Savings Account (RSA) holders transferred their pension accounts from one Pension Fund Administrator (PFA) to another during the fourth quarter of 2025.
The total value of pension assets moved within the period stood at N153.31 billion.
Despite the substantial amount transferred, the number of RSA holders who switched PFAs in Q4 2025 represented a significant decline of 41.8 percent compared to the 34,334 contributors recorded in the third quarter of 2025. During Q3 2025, the total value of transferred pension funds was N274.29 billion.
The development follows provisions of the Pension Reform Act 2024, which allows RSA holders to transfer their pension accounts from one PFA to another once every year. According to the National Pension Commission (PenCom), the policy was introduced to encourage healthy competition among pension fund administrators and improve service delivery across the industry.
PenCom Moves to Channel Pension Funds into Infrastructure
Meanwhile, the Director-General of PenCom, Ms. Omolola Oloworaran, disclosed that the pension industry has begun efforts to establish an investment consortium focused on addressing Nigeria’s massive infrastructure deficit.
According to Oloworaran, pension operators are proposing the mobilisation of pension assets for infrastructure financing, with the aim of channeling funds into viable national projects while maintaining strong risk management measures and sustainable returns for contributors.
She explained that increased investment in infrastructure would help close critical economic gaps, stimulate employment opportunities, boost productivity, and generate stronger long-term value for pension contributors.
“It is critical to channel pension capital into infrastructure, create bankable investment pipelines, support national development, and preserve returns,” she stated.
Oloworaran further revealed that PenCom has set up an Investment and Financial Markets Committee to develop structured investment vehicles dedicated to infrastructure financing.
According to her, the proposed investment structures are being carefully designed to minimise risk exposure for pension funds while enabling participation in large-scale national projects.
She added that implementation would commence once the necessary frameworks are finalised, with strong emphasis placed on risk management and capital preservation.
Growing Focus on Long-Term Economic Development
The move signals a growing shift within Nigeria’s pension industry toward leveraging long-term pension assets for national economic development while safeguarding contributors’ funds.
Industry stakeholders believe that if properly structured, pension-backed infrastructure financing could play a major role in improving roads, power, transportation, and other critical sectors of the economy while also delivering competitive returns to pension contributors.
