Pension inflows surge 42% despite idle accounts
Nigeria’s pension contributions surged 42% in Q1 2026, reaching N147.16m. Discover why this growth coexists with 91.4% dormant pension accounts. Read More: https://punchng.com/pension-inflows-surge-42-despite-idle-accounts/
The Personal Pension Plan in Nigeria witnessed a significant surge in contributions, rising by an impressive 42.46 percent in the first quarter of 2026, reaching N147.16 million. This increase, driven by active participants, brought the total contributions made to N1.66 billion since the scheme's inception. Despite this positive trend, the National Pension Commission (PenCom) revealed that 91.4 percent of registered accounts remain dormant, with only 18,811 accounts actively contributing to the pension system.
Lagos-based stock market trader and pension analyst, Ade Ojapa, highlighted the dichotomy between the growth in contributions and the prevalence of non-participating accounts, stating that the onboarding process needs improvement to foster financial commitment among the informal sector participants.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Pension inflows surge 42% despite idle accounts punchng.com
