The Nigerian pension industry recorded steady growth in Retirement Savings Account membership, rising from 9,529,127 in 2021 to 11,040,227.
A total of N39.86 billion was disbursed to 8,408 RSA holders in the first quarter of 2025 as equity contributions for residential mortgages.
Oguche Agudah, chief executive officer of the Pension Fund Operators Association of Nigeria, disclosed this on Tuesday in Lagos.
The director-general of the National Pension Commission, Omolola Oloworaran, says the N5
Oguche Agudah, chief executive officer of PenOp, speaking in Lagos, said that the directive was positive and could foster accountability.
Mr Agudah said 475,000 Nigerians who lost their jobs received 25 per cent of their RSA.
Mr Agudah said that before now there were several cases of non-pension remittance by many employers.
