Ensuring international best practices in the pension industry are observed by the operators in Nigeria.
The Pension Fund Operators Association of Nigeria (PenOp) is the trade association and umbrella body of all licensed pension funds in Nigeria. It is an impact focused organization and a market building enterprise that was established to promote the operations of the pension industry in Nigeria, provide for self-regulation, and ensure that international best practices relating to the industry are observed by the operators registered in Nigeria. It engages with various stakeholders to ensure that the pension industry has a positive impact on the operators, the contributors and the economy as a whole.
Our Numbers from inception to August, 2026
11,320,227
CPS Contributors
₦ 2.22 Trillion
Lump Sum
844,000
Retirees
235.6 Million
Nigeria's Population
₦ 31.3 Trillion
Current AUM
40,000
Compliance Certificates
Vision
To promote the operations of the pension industry, provide for self-regulation and ensure that international best practices relating to the industry are observed by the operators registered in Nigeria
Mission
To be the central party that coordinates and harmonizes activities of the pension operators and pension industry in general to ensure that pensions has a positive effect on all stakeholders and the economy in general.
Our Values
(RIKIEE)
Respect
We respect everyone we come in contact with. We believe that everyone’s voice, opinion, and individuality counts, so we look for the best in everyone and every situation.
Impact Focused
We understand our role as catalysts for economic and social development through our direct and indirect activities and we take this role very seriously.
Knowledge-Driven
We are driven by the need to acquire knowledge to enable us to carry out our functions effectively and convey the same to those we come in contact with.
Innovative
We are always looking for better, faster, and simpler ways to deliver on our objectives and we believe that there is always a better and more creative way to get things done.
Excellent
We strive for world-class standards and outcomes in everything we do, we ensure that we deliver today better than we did yesterday. We believe in constant improvement.
Entrepreneurial
We are resilient, efficient, and expansive in our thinking and approach to issues. We never give up and we consider the bottom line in everything we do.
