Nigeria’s pension industry has grown tremendously over the past decade, playing a critical role in securing the retirement futures of millions of workers across the country.
According to the latest data from the National Pension Commission (PenCom), Nigeria’s total pension fund assets rose to N24.11 trillion as of May 2025 a 1.91% increase from the previous month.
This growth reflects steady contributions and market returns, despite inflationary pressures and foreign exchange fluctuations.
Behind the success of the nation’s leading pension companies are visionary leaders CEOs who combine financial expertise with strategic foresight to manage billions in retirement assets.
These executives are not just administrators; they are innovators, driving growth, improving customer trust, and ensuring that retirement funds are invested wisely and securely.
From expanding digital platforms to introducing innovative investment strategies, these CEOs are shaping the future of pensions in Nigeria, one decision at a time.
In this feature, we take a closer look at the people steering Nigeria’s top pension companies and how their leadership is redefining retirement planning in the country.
Asset under management: N4 trillion
Olumide Oyetan is the Chief Executive of Stanbic IBTC Pension Managers Limited, bringing a wealth of experience from leadership roles within Stanbic IBTC and the Standard Bank Group.
- He began his career at Stanbic IBTC in 2000 and has since held key positions, including Acting Head of Investment Management at Stanbic IBTC Pension Managers and Chief Executive of Stanbic IBTC Asset Management, where he drove significant business growth between 2009 and 2015.
- He later moved to South Africa to lead Standard Bank’s Wealth and Investment Advisory Products and Special Projects before returning to Nigeria in 2019 as Executive Director, Investments.
- From 2022 to 2024, he served as President of the Pension Fund Operators Association of Nigeria (PenOp). Under his leadership
He holds an MSc in Financial and Commercial Regulation from the London School of Economics.
Stanbic IBTC Pension Managers Limited, part of the 150-year-old Standard Bank Group, manages over N4 trillion in pension assets for 2 million+ clients, serving retirees across Nigeria with over 200 nationwide locations. Stanbic IBTC pension recorded a 2.34% gain as of June 2025.
