Pension Funds Can Drive Nigeria’s $1tn Economy Target – PENOP

By Oluwakemi Kindness

The Pension Fund Operators Association of Nigeria (PenOp) says Nigeria’s pension industry can help finance the country’s $1 trillion economy ambition through investments in infrastructure, housing, energy and other productive sectors.

PenOp’s Chief Executive Officer, Anthonia Ifeanyi-Okoro, who stated this said pension assets running into trillions of naira represent a major pool of long-term domestic capital that can support economic growth.

Ifeanyi-Okoro, represented by PenOp’s Head of Branding and Communications, Olajumoke Akinwa, made this known while marking a remark PENCAN 2026 conference with the theme, “The Role of Regulator, Operators in Actualising Nigeria’s $1 Trillion Economy Target.”

She stressed that pension investments must support national development without compromising contributors’ retirement benefits.

Okoro called for stronger collaboration between pension regulators and operators to ensure the effective deployment of pension funds.

According to her, regulators provide the frameworks and oversight needed to maintain confidence in the pension system, while operators drive innovation and make prudent investment decisions.

Ifeanyi-Okoro said achieving the $1 trillion economy target also requires contributions from businesses, entrepreneurs, international development and investment partners, government institutions and other public and private sector players.

She urged stakeholders to build stronger partnerships, unlock investment opportunities and create an enabling environment to attract domestic and international capital into productive sectors.

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