Newly licensed Pension Fund Administrator, Parthian Pensions Limited, has expressed confidence that it will meet and even surpass the new minimum recapitalisation requirement set by the National Pension Commission (PenCom) for operators in Nigeria’s pension industry.
The assurance was given during a media parley held at the company’s office in Lagos, where top executives of the firm shared insights about their expansion plans and commitment to the country’s pension sector.
In September 2025, the National Pension Commission raised the minimum capital base for Pension Fund Administrators (PFAs) to N20 billion and that of Pension Fund Custodians (PFCs) to N25 billion, with a deadline of December 31, 2026, for all firms to comply.
Speaking at the event, the Group Managing Director of Parthian Partners, the parent company of Parthian Pensions, Mr. Oluseye Olusoga, said the company was not only ready to meet the recapitalisation target but would do so ahead of the deadline as a show of commitment to the Nigerian pension industry.
Olusoga explained that the company has already made plans to raise funds internally within the Parthian Group to ensure full compliance. “We would actually capitalise the business way beyond the capitalisation due date. We are fully committed to this industry, and if there are opportunities for mergers and acquisitions, we will consider all of them. But by and large, we’re very confident that we’ve made the capitalisation, and we would actually capitalise well beyond or well before the date by the regulator,” he said.
He further stated that the company’s motivation for venturing into the pension business stemmed from its desire to contribute to national growth through capital formation and investment. “We truly believe that Parthian is going to play a vital role in developing Nigeria and in developing Africa as a whole. You can’t talk about capital formation without the pension or asset management industry. There’s no better time to join the pension industry than now, especially with the regulator opening up new investment options to protect people’s savings and fight inflation,” Olusoga added.
He noted that Parthian Pensions was investing in people, technology, and innovation to create a world-class pension administration service. “We are not extractors. We are investors — investors in Nigeria’s future, in Nigeria’s growth, and in Nigeria’s people. We are creating opportunities for Nigerians to build skills that can compete globally,” he said.
The Managing Director of Parthian Pensions, Mr. Femi Odukoya, also spoke on the firm’s readiness for recapitalisation, noting that the directive from PenCom was expected, considering the ongoing capital increase in other segments of Nigeria’s financial services sector, including banking and insurance.
“We are aware of how the banking sector is undergoing recapitalisation. Naturally, everybody in financial services knows that it’s coming to touch you very soon. So, for us, it’s not a surprise, and we will have completed ours before the December 2026 deadline,” Odukoya said confidently.
Odukoya also revealed that Parthian Pensions plans to focus on the informal sector, ethical funds (Fund VI), and youth engagement as part of its strategy to deepen pension inclusion in Nigeria. He noted that the company was already establishing partnerships with professional associations, trade groups, and cooperative societies to drive participation in the Contributory Pension Scheme (CPS).
On the ethical fund, Odukoya explained that the firm aims to reach untapped markets, particularly in northern Nigeria, where ethical investment principles align with cultural and religious values. “We have what we call the ethical market, Fund VI, and that’s another space we are entering aggressively. Very few RSA contributors know about this, and we want to bring it to the forefront,” he said.
Speaking on youth participation, Odukoya stressed that the company intends to make pensions more appealing to young Nigerians through innovation, rebranding, and technology-driven engagement. “When you talk about young people, packaging plays a big role. The way a product or service is presented determines how attractive it is. We are rethinking how we package pensions — it’s not just about retirement anymore; it’s about securing your future now,” he explained.
He added that the firm’s youthful workforce, supported by experienced leadership, would use technology and creativity to redefine pension services in Nigeria. “We have a very responsive and forward-thinking regulator, and several new guidelines have made the pension space more dynamic. We’re not lacking in innovation; our young and talented team is ready to make the difference,” Odukoya said.
Parthian Pensions, established under Parthian Partners Group, aims to build a strong presence in Nigeria’s pension industry through innovation, inclusiveness, and responsible investing. The firm said it would continue to strengthen public trust in the pension system while helping contributors secure their financial future.
