PenCom Targets Freelancers, artisans, Others with pension plans
By Oluwakemi Kindness The National Pension Commission (PenCom) is targeting freelancers, artisans, technology professionals and content creators with personal pension plans, urging young Nigerians to start saving early for retirement. PenCom Director-General Omolola Oloworaran said early financial planning was essential as more young people pursued flexible employment and independent careers. Speaking at the youth engagement […]
PenCom Recovers ₦36.6bn, Pays ₦8.7bn in Pension Arrears
By Oluwakemi Kindness The National Pension Commission (PenCom) says it has recovered ₦36.6bn from defaulting employers and paid ₦8.7bn in pension arrears to Nigeria Social Insurance Trust Fund (NSITF) pensioners as part of efforts to strengthen retirement security. The commission’s Director-General, Omolola Oloworaran, disclosed this on Tuesday at the commission’s 2026 media conference, themed “From […]
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 Set for Infrastructure Fund Rollout, Tightens Compliance
By Oluwakemi Kindness The National Pension Commission (PenCom) says the proposed Pension Industry Infrastructure Fund has reached an advanced stage of implementation as it moves to expand healthcare access for retirees and strengthen enforcement of pension compliance. Director-General of PenCom, Omolola Oloworaran, disclosed this on Tuesday in Abuja after the third Pension Industry Leadership Meeting, […]
PenCom Recovers ₦3bn in Pension Arrears With ICPC Support
By Oluwakemi Kindnes The National Pension Commission (PenCom) has recovered more than ₦3 billion in unremitted pension contributions from defaulting employers through a joint enforcement initiative with the Independent Corrupt Practices and Other Related Offences Commission (ICPC). PenCom announced the recovery in a statement on Wednesday, saying the funds, recovered from employers in the electricity […]
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 […]
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 […]
FG Raises Alarm Over Low Turnout in Pension Verification Exercise
By Oluwakemi Kindness The Federal Government has raised concern over the low turnout in the ongoing verification and enrolment exercise for civil servants with accrued pension rights, as the deadline draws closer. The exercise, conducted by the National Pension Commission, targets treasury-funded workers in Ministries, Departments and Agencies (MDAs) employed before June 30, 2004. Despite […]
75m Informal Workers Risk Retirement Without Pension – PenCom
By Oluwakemi Kindness The National Pension Commission (PenCom) has warned that more than 75 million Nigerians working in the informal sector risk retiring without any pension coverage. Speaking in Abuja on Monday, PenCom Director-General, Omolola Oloworaran, said while pension reforms over the past two decades have strengthened Nigeria’s financial system, their benefits have largely been […]