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: N808 billion
Olusakin Labeodan is the Managing Director/Chief Executive Officer (MD/CEO) of Leadway Pensure PFA Limited. His expertise spans Strategic Management, Investments, Marketing, Business Development, and Organisational Synergy.
- Before assuming the CEO role, Olusakin served as the Group Chief Marketing Officer (CMO) for Leadway Holdings Limited, and earlier, as an Executive Director on the Board of Leadway Pensure PFA responsible for Sales & Investments.
- He holds a B.Sc. in Statistics from the University of Ibadan and an MBA in Strategic Management from Milpark Business School, Johannesburg, where he graduated with distinctions in Strategic Marketing and Strategic Operations Management.
- Olusakin’s professional experience across public, private, and international organisations has sharpened his leadership in Marketing, Business Development, ICT, Banking, and Pension Fund Administration. He also serves as a Non-Executive Director on the Board of Leadway Health Limited.
Over the last decade, Leadway Pensure PFA has expanded to more than 25 branches nationwide, managing over 721,000 Retirement Savings Accounts (RSAs). As of 2023, the company reported N808 billion in Assets Under Management (AUM) across its seven pension funds. According to the latest results as of June 2025, Leadway Pensure PFA Limited saw an average 3.09% average return, with significant gains of 4.01% in RSA I and 4.24% in RSA II.
Ripping pensioners of their hard earned contribute has consequences. It doesn’t make sense you keeping 75% of pensioners money and paying a little above minimum wage monthly does not make sense, it wickedness. Invest their contribution in stock and get your commission and let the enjoy the full benefits of their sweat. Senior citizens cry especially incorruptible ones that never stole to enrich themselves are reporting the issue to God and their shall be consequences
Thank you for the information.
Please, l want to know how to invest in mutual funds and other investments
Thank you for sharing this. It is very insightful and encouraging. I look forward to more updates.
Emem Umoetuk