NLPC Pension Fund Administrators Limited has significantly expanded its footprint in Nigeria’s informal economy, reporting a surge in its Personal Pension Plan participants. This growth contributed to the firm’s Assets Under Management rising to N624.95bn as of 31 March 2026, a 5.42 per cent increase from the end of 2025.
The strategic push into the informal sector is part of a broader effort to widen financial inclusion for previously underserved groups. Managing Director Samuel Abolarin noted that the firm’s customer-centric model is the engine behind this expansion, stating, “Our customer-focused approach has continued to yield results. A client service feedback assessment conducted in December 2025 showed a satisfaction rate of 93.5 per cent, with no negative feedback recorded.”
The growth comes at a time when Nigerians are increasingly seeking structured retirement savings to navigate a volatile economic landscape. By diversifying its investment strategy and strengthening risk management, the firm has seen its Retirement Savings Account funds climb to N516.96bn.
Addressing the technical improvements made to protect these assets, the firm highlighted a major rebound in fund performance following the introduction of tighter internal controls. Head of Investments, Stephen Modeyin, emphasised the macroeconomic importance of these contributions: “By mobilising and investing retirement funds, firms like NLPC Pension contribute to capital formation and broader economic stability.”
The firm further clarified that while short-term gains are encouraging, the focus remains on long-term value.
As of 28 February 2026, NLPC reported three-year rolling returns averaging 16.35 per cent, with some specific funds nearing the 20 per cent mark.
To maintain this momentum, NLPC Pension confirmed it is accelerating digital adoption to simplify account management and data recapture. The company reaffirmed its commitment to the industry’s future, stating, “Trust, transparency, and reliability remain essential to securing the financial future of Nigerian workers.”
Operating under the regulatory oversight of the National Pension Commission, the PFA has now fully aligned with recent policy changes, including increased capital requirements and revised investment guidelines, to ensure continued stability for its growing contributor base.
