Nigeria’s Pension Assets Hit N31.48tn
By Oluwakemi Kindness The National Pension Commission (PenCom) says Nigeria’s pension assets have surged by 51 per cent in two years, reaching N31.48 trillion from N20.7 trillion. PenCom Director-General, Omolola Oloworaran announced the figures on Tuesday during the Meet the Press briefing at the Presidential Villa in Abuja, describing the growth as a sign of […]
Pension Drive: PenCom Targets More States, Women
By Oluwakemi Kindness The National Pension Commission (PenCom) says Ogun and Katsina states are on the verge of joining the Contributory Pension Scheme (CPS), as it intensifies efforts to expand pension coverage across Nigeria. Director-General of PenCom, Omolola Oloworaran, disclosed this on Tuesday in Abuja after the third Pension Industry Leadership Meeting. She said only […]
PenCom, NURTW Launch Pension Plan for Transport Workers
By Oluwakemi Kindness The National Pension Commission (PenCom) and the National Union of Road Transport Workers (NURTW) have begun discussions on a landmark partnership that could bring an estimated nine million transport workers into Nigeria’s Contributory Pension Scheme (CPS) through the Personal Pension Plan (PPP). The initiative was unveiled during a courtesy visit by NURTW […]
Police Pension: FG Considers 20% Contribution Increase
By Oluwakemi Kindness Police officers may soon receive higher retirement benefits as the Federal Government considers a proposal to increase its pension contribution for police personnel from 10 per cent to 20 per cent. The proposal was disclosed by Muhammed Dutse, Acting Managing Director and Chief Executive Officer of NPF Pension Limited, at a media […]
Kenya’s RBA Eyes Nigeria’s ₦32tn Pension System
By Oluwakemi Kindness Kenya’s Retirement Benefits Authority (RBA) has commenced a technical study visit to Nigeria’s National Pension Commission (PenCom) to examine key reforms in the country’s Contributory Pension Scheme. The four-day engagement in Abuja focuses on Nigeria’s risk-based supervision framework, ESG integration in pension management, expansion of coverage to the informal sector, and the […]