Personal Pension Plan Surges To ₦1.46 Billion In Four Years – PenOp

By PAULINA NZERUBE

THE Personal Pension Plan (PPP) has grown nearly ninefold in four years, rising from ₦168.63 million in 2021 to ₦1.46 billion in 2025, according to the Pension Fund Operators Association of Nigeria (PenOp).

PenOp CEO, Oguche Agudah, stated in Lagos that the scheme—formerly called the Micro Pension Plan (MPP)—was rebranded to attract younger Nigerians and informal sector workers.

He said the PPP’s simplified branding, tech-driven contributions, and awareness campaigns have positioned it as a cornerstone of Nigeria’s financial inclusion strategy.

“The PPP represents flexibility, ownership, and inclusivity, allowing every Nigerian, regardless of employment type, to build sustainable retirement savings,” Agudah said.

He added that continued growth would depend on stakeholder collaboration and targeted support to sustain momentum and deliver long-term impact.