91.4% of personal pension accounts remain unfunded – PenCom ​‌‍​‌‍⁠⁠‌‍​​‍‍​

PenCom reported that Nigeria’s Personal Pension Plan had 219,316 registrations by the first quarter of 2026, but only 18,811 accounts were funded. Funded Retirement Savings Accounts therefore represented 8.6 per cent of total registrations, highlighting limited conversion of personal pension registrations into active contributions.