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Month: August 2023

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Nigeria Examines Rwanda and Kenya Models to Boost Micro-Pension Enrollment

Stakeholders in Nigeria’s pension industry are concerned about the slow pace of enrollment in the country’s Micro Pension Plan (MPP) within the informal sector. To address this issue, they are…

Katsina State Inaugurates Committees for Pension Reform and others

In a move aimed at improving governance and addressing key issues, Katsina State has inaugurated several committees, including those focused on pension reform and forest management. The announcement was made…

PenCom and Stakeholders Collaborate to Establish Pension Academy in 2024

The National Pension Commission (PenCom), in collaboration with Pension Operators (PenOp) and other key stakeholders, is in the early stages of planning the establishment of a Pension Academy. This initiative…

Yobe Approves ₦667 Million for Pensioners, Jigawa Disburses ₦2.02 Billion in Terminal Benefits

In a significant move to alleviate the financial burdens of retired workers, Governor Mai Mala Buni of Yobe has given the green light to disburse ₦667 million to 475 pensioners…

Pension Fund Investment in Infrastructure Lags Behind Mandated Benchmarks

In its June 2023 monthly report, the National Pension Commission (PenCom) has revealed that Pension Fund Administrators (PFAs) in Nigeria have invested only ₦127.4 billion, equivalent to 1.3% of the…

PenCom Recovers Over ₦24.5 Billion in Defaulted Pension Contributions

At the 2023 Journalists’ Conference in Abuja, the National Pension Commission (PenCom) revealed a significant stride in its efforts to uphold the provisions of the Pension Reform Act 2014. A…

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