Promoting the operations of the pension industry in Nigeria.

We are an independent, non-governmental, non-political and non-profit making body established to ensure that international best practices relating to the industry are observed by the operators registered in Nigeria.

Our Numbers from inception to January, 2025

10,610,088

CPS Contributors

₦ 2.22 Trillion

Lump Sum

770,405

Retirees

235.6 Million

Nigeria's Population

₦ 22.86 Trillion

Current AUM

38,845

Compliance Certificates

Open a Pension account

Uncredited Contribution Guide

Uncredited Contribution Employer

Uncredited Contribution Beneficiaries

PenOp 2025 First Quarter Newsletter

The 2025 first quarter PenOp newsletter brings you valuable insight into the events and happenings in the pension industry.
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This PenOp newsletter serves as a comprehensive source of information, analysis, and insights for pension professionals, regulators, and anyone interested in the dynamics of the pension industry.

It combines news, analysis, expert opinions, event coverage, and educational content to provide a holistic view of the pension industry landscape in Nigeria.

Read the Newsletter >

Did you know...

...that you can access 25% of your Retirement Savings Account or Micro pension Account to be used for a Mortgage.

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RSA Holders or Micro pension contributors who have consistently saved for a period of 5 years or 60 months can now have access to 25% of their savings in their RSA account to be used for the purpose of acquiring a house from a verified mortgage lender.

…that you can transfer from one Pension Fund Administrator (PFA) to another within 1 year or 365 days

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RSA Holders or Micro pension contributors can now initiate a transfer from one PFA to another through the RSA Transfer System (RTS) which is a computer-based application.

…that you can switch between the different fund structures

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The industry has 6 fund structures (with Fund II being the default fund for all RSA holders) and contributors can switch to or from one fund structure to another.

… that with a Micro pension account you are eligible for a 40% contingency withdrawal

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Micro pension is a voluntary contribution for those with less than 3 employees as well as the informal sector of the country (semi-formal, organized informal and unorganized informal).