He said public sector contributions amounted to N5.72tn, while the private sector contributed N5.23tn, stressing that this marked a significant increase from the previous years.
He highlighted the steady rise in both public and private sector contributions, attributing the growth to increased confidence in the pension system.
“The collaboration between public and private sectors is driving the pension industry to new heights, and we are seeing the results in terms of assets and contributions,” Agudah said.
Agudah also noted the remarkable growth in pension investments in corporate debt, which hit N2.25tn in Q2 2024, compared to N1.48tn in Q3 2022 and N621.96bn in Q3 2019.
“This is a testament to the stability and evolution of the pension industry over the past two decades, and we are poised to continue growing these numbers with strong governance and strategic investments,” he added.
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