Nigeria’s pension industry returned a weighted average of 16.1 per cent in the first half of the year but real returns remained negative at 1.3 per cent.

Research firm, Agusto and Company reports that gains can be attributed to higher yields offered in the fixed income market – as government borrows to make-up for its shortfall in revenue.

Given the records, the value of pension assets declined in real terms as average monthly inflow grew by 14.6 per cent, from 71.3 billion Naira in 2016 to 83.6 billion Naira in the first half 2017.

While total pension assets stands at 6.5 trillion Naira or 21.3 billion dollars as at April 2017, Agusto & company expects the pension industry to grow at an average of 16 per cent annually, for the next three years.