Nigeria’s pension remittances plunge 38% to N559 billion in Q1 2026
Pension contributions under Nigeria’s Contributory Pension Scheme (CPS) declined by 38% in the first quarter of 2026, according to data released by the National Pension Commission (PenCom). The post Nigeria’s pension remittances plunge 38% to N559 billion in Q1 2026 appeared first on Nairametrics .
Nigeria's pension remittances have dropped by 38% to N559 billion in Q1 2026, according to data from the National Pension Commission (PenCom). The decline comes after a strong final quarter in 2025, with public sector contributions making up 50.9% of total pension remittances, while the private sector contributed the remaining 49.1%.
Despite the sharp drop, PenCom described the contribution level as healthy, and highlighted ongoing enforcement efforts, recovering N1.18 billion from 15 defaulting employers during the quarter.
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