The Federal Government has called for the strategic deployment of the nation’s pension assets towards accelerating national development.
Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun
made the call at the 2025 Pension Industry Leadership Retreat in Lagos.
A statement by the ministry’s Director of Information and Public Relations, Mohammed Manga, emphasized the critical role of the pension industry in driving Nigeria’s economic growth and development.
Mr. Edun who commended the National Pension Commission, (PENCOM) for convening what he described as a timely and forward-looking dialogue, pointed out that with pension assets now exceeding twenty-three trillion naira that is about eight point six percent of GDP, there is the need to align investments with national priorities such as infrastructure, housing, energy, and digital inclusion.
According to the minister, Nigeria still has a long way to go in global pension penetration benchmarks as the Contributory Pension Scheme has become one of Africa’s most successful savings platforms.
While urging the stakeholders to consider well-regulated, de-risked vehicles that balance impact with safety and returns the minister of finance and coordinating minister of the economy reaffirmed President Bola Ahmed Tinubu’s commitment to building an inclusive and resilient financial system that supports Nigeria’s long-term ambitions.
