Access ARM Pension, one of Nigeria’s leading pension fund administrators, has announced a remarkable 187% increase in profit for the 2024 financial year, signaling strong performance and growing investor confidence in the country’s pension industry.
In a statement released on Monday, the company attributed the profit surge to strategic investments, improved fund management efficiency, and strong returns across its Retirement Savings Account (RSA) portfolios.
According to the Managing Director, Osaretin Omorogbe, the company’s robust financial performance reflects its commitment to delivering long-term value for contributors while strengthening operational resilience in a challenging economic environment.
“This growth is a testament to our prudent investment strategy and our focus on maximizing returns for our contributors,” Omorogbe said. “Despite macroeconomic headwinds, we have maintained disciplined asset management and leveraged opportunities in key sectors.”
The company did not disclose the exact profit figure but confirmed it far exceeded projections and industry benchmarks. Access ARM Pension also reported growth in its Assets Under Management (AUM), driven by both increased enrollment and positive portfolio performance.
Analysts say the results position Access ARM Pension as one of the top-performing players in Nigeria’s fast-evolving pension sector, which continues to attract interest from both local and international investors.
The company has reiterated its commitment to transparency, compliance with regulatory standards, and expanding financial literacy to encourage more Nigerians to participate in pension schemes.
As the National Pension Commission (PenCom) pushes for deeper reform and innovation in the industry, Access ARM Pension’s performance is expected to strengthen its role as a key player in shaping the future of retirement savings in Nigeria.
