President Bola Tinubu has unveiled a N25 trillion pension asset pool, assuring Nigerian workers of improved social protection and financial security after retirement.
The President made this known on Thursday at the opening of the ISSA 2026 West Africa Seminar in Abuja, where he reiterated his administration’s commitment to safeguarding workers from economic shocks and workplace risks.
Tinubu said the development forms part of the Renewed Hope Agenda introduced since he assumed office in 2023, aimed at restoring opportunity, protecting livelihoods and rebuilding confidence in the economy.
According to him, key institutions within Nigeria’s social security system have been strengthened to deliver better outcomes for workers, including expanded coverage under workplace protection schemes.
“Through the Nigeria Social Insurance Trust Fund, we have fundamentally strengthened workplace injury protection. Today, over 7.5 million Nigerian employees are covered under the Employees’ Compensation Scheme, ensuring that when workplace accidents or disabilities occur, families are protected from sudden economic ruin,” he said.
He also disclosed that more than 10 million workers are actively contributing to the Contributory Pension Scheme under the supervision of the National Pension Commission, with total pension assets now exceeding N25 trillion.
Represented by the Minister of Budget and National Planning, Atiku Bagudu, the President said the growth in pension assets reflects renewed trust and confidence in the system.
“What those assets represent is trust, the hard-earned savings of Nigerian workers who now have confidence that after a lifetime of service, retirement will not mean hardship, uncertainty, or loss of dignity, but security and peace of mind,” he said.
Tinubu added that employment remains the strongest form of social security, noting that the National Directorate of Employment has empowered over two million Nigerians through skills acquisition, entrepreneurship and job creation programmes.
