…were designed around innovation, inclusion and integrity while improving access to retirement savings. “Under Pension 2.0, the Commission has introduced several landmark regulatory instruments. Among these is the Guideline on the Administration of Retirement Savings Accounts in Foreign Currency, which provides a framew…

…Scheme, retirement benefits are funded through contributions accumulated in individual Retirement Savings Accounts and managed by licensed PFAs, while PenCom regulates and supervises the pension industry. For state governments participating in the scheme, the payment of pension liabilities and implementation of benefit…

…said his administration invested heavily in staff welfare, committing over N8 billion to retirement savings, introducing a 13th-month salary, increasing examination duty allowances from 10 to 20 per cent, providing free transportation and meals for staff on critical assignments and funding medical treatments worth mill…

…in outlining the major milestones she indicated an injection of N10.7 trillion in new retirement savings into the national economy during the period which brought the total pension assets to N31.48 trillion as of July 10, 2026, a 51 percent expansion from N20.79 trillion in July 2024. Oloworaran attributed the growth t…

…pension inclusion among workers who have traditionally remained outside the formal retirement savings system. According to him, the proposed daily contribution mechanism would allow transport workers to save towards retirement through small but consistent contributions integrated into existing revenue collection proces…

…as evidence of the urgent need for government intervention to ensure wider access to retirement savings and income security. The organisation argued that informal workers, who often earn low and irregular incomes, cannot be expected to shoulder the full burden of pension contributions. It therefore renewed its demand f…