By Oluwakemi Kindness
The House of Representatives has pledged legislative support for efforts to strengthen Nigeria’s pension system and protect workers’ retirement benefits.
The Chairman of the House Committee on Pension, Jallo Hussaini Mohammed, gave the assurance in a goodwill message at the inaugural National Pension Week Leadership Summit held on Thursday.
Mohammed described the summit as an important platform for policy dialogue among lawmakers, regulators, pension operators and other stakeholders on the future of the pension industry.
He said the National Assembly was ready to work with the National Pension Commission (PenCom) and other stakeholders to strengthen the pension system and secure the financial future of Nigerian workers.
The lawmaker stressed the importance of policies that protect workers’ retirement savings and promote financial security after retirement.
He also underscored the need for collaboration among policymakers, regulators and industry operators to address challenges facing the pension industry and improve outcomes for retirees.
Mohammed said a strong pension system was essential to protecting workers’ interests and supporting the country’s broader economic and social development.
He reaffirmed the House committee’s readiness to support initiatives aimed at strengthening pension administration and ensuring the long-term sustainability of the industry.
The summit brought together stakeholders to discuss policy directions, challenges and opportunities for the development of Nigeria’s pension industry.
