‎FCMB Pensions Targets N1.2trn Assets Amid Economic Uncertainties

‎FCMB Pensions, has announced plans to grow its assets under management to N1.2 trillion by the end of December 2025, despite prevailing domestic and global economic uncertainties.
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‎The target was disclosed at the company’s 20th Anniversary celebration in Abuja.
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‎Speaking on the sidelines of activities to celebrate the day, the Managing Director, Christopher Bajowa, said the company is focused on consolidating its position as a major player in the pension industry, with particular emphasis on expanding the Personal Pension Plan, PPP, segment.
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‎Bajowa noted that low inclusion remains a major challenge in the pension sector, adding that increasing the number of contributors, especially through PPP, is a key focus area for both operators and regulators.
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‎He also identified naira instability as a major concern, explaining that currency depreciation affects savings value and contributor confidence, while government efforts to stabilise the currency would help strengthen the system.
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‎Reflecting on the company’s evolution, a pioneer Managing Director, Bello Maccido, said FCMB Pensions was established following the Pension Reform Act 2004 and achieved early profitability and steady growth within its first five years.
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‎Maccido said the firm grew from an asset base of N72 billion and 187,000 Retirement Savings Account holders to over N1 trillion in assets, describing the milestone as a testament to effective management and governance.
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‎Also speaking, former board member, Maheer Rasheed said the company’s growth reflects strong institutional foundations and trust, expressing confidence that FCMB Pensions will attain the N1.2 trillion target before year-end.
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‎PR/Umbwanko Baba