In a bid to secure better management and higher returns on their investments, a total of 19,969 Retirement Savings Account holders transferred their pension contributions from one Pension Fund Administrator to another during the fourth quarter of 2025. The total value of the funds moved within this period amounted to N153.31bn.
The number of contributors who transferred their accounts in the fourth quarter represented a 41.8 per cent decline when compared to the 34,334 contributors recorded in the third quarter of 2025. During the third quarter, the total value of funds transferred stood at N274.29bn. The National Pension Commission noted that the Pension Reform Act of 2024 permits account holders to switch their pension administrators once every year, a provision designed to encourage healthy service competition among the operators.
In a related development, the regulatory body disclosed that the pension industry has initiated steps to form an investment consortium targeted at bridging the massive infrastructural deficit in the country. The Director General of the National Pension Commission, Omolola Oloworaran, revealed that pension operators are proposing the mobilisation of pension assets for infrastructure financing. She explained that the move is intended to direct funds into viable national projects while maintaining robust risk management and securing sustainable returns.
Oloworaran emphasized that increasing investments in infrastructure would assist in closing critical economic gaps, creating employment opportunities, boosting productivity, and delivering greater long-term value for pension contributors. Speaking on the strategic direction of the commission, the Director General stated, “It is critical to channel pension capital into infrastructure, create bankable investment pipelines, support national development, and preserve returns. The Investment and Financial Markets Committee has been set up to develop structured investment vehicles for infrastructure financing. These structures are being carefully designed to minimize risk exposure for pension funds while enabling participation in large-scale national projects. Implementation will follow once frameworks are finalised, with strong emphasis on risk management and capital preservation.”
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