By AMINA USMAN ABDULRAHMAN DESPITE the growth of Nigeria’s pension industry, more than 73 million workers remain unenrolled in the Contributory Pension Scheme (CPS), according to fresh figures from PenCom. Only 10.92 million workers have RSAs opened by their employers, far below the country’s employed population of over 84 million. Regulators […]
By OBIOMA TORI SIX years after its launch, Nigeria’s Personal Pension Plan (PPP) — the micro-pension scheme created to extend retirement security to over 70 million informal-sector workers — remains far from delivering its promise. Despite its national ambition, the scheme has attracted only about 200,000 contributors, with total assets still below ₦1 billion. Spread […]
By OBIOMA TORI THE acting Chief Executive Officer of the Pension Fund Operators Association of Nigeria (PenOP), Ms. Anthonia Ifeanyi-Okoro, says the newly introduced Personal Pension Plan (PPP) is giving Nigerians—especially the self-employed—greater flexibility in how they save and withdraw funds for retirement. Speaking in Abuja on Saturday, Ifeanyi-Okoro explained that the PPP allows contributors […]