Total pension contributions reached N1.318tn in the first three quarters of 2025, according to data from the National Pension Commission, driven primarily by stronger inflows from the private sector.

An analysis of PenCom’s quarterly reports shows total pension contributions for the first three quarters of 2025 neared the N1.368tn recorded for all of 2024. They were also close to the N1.319tn in 2023 and surpassed the N1.037tn in 2022 and prior years.

Notably, total contributions have consistently crossed the N1tn threshold only in the last four years. Since inception, the total contribution stood at N12.627tn as of September 2025. In the period under review, the private sector accounted for N744.36bn, significantly outpacing the N574.42bn recorded by the public sector. This means private sector contributions represented the larger share of total pension inflows during the period.

Quarterly data show a steady rise in overall contributions from N389.17bn in Q1 to N426.42bn in Q2, before peaking at N503.19bn in Q3. The Q3 performance was largely influenced by a sharp increase in private sector contributions, which climbed to N338.65bn, the highest quarterly figure across both sectors.

Punch