Labour Unions Clash with Cross River State Government over the Implementation of CPS
Tensions flared in Cross River State as labor unions engaged in a dispute with the state government regarding the planned introduction of the Contributory Pension Scheme. The disagreement came to…
Institute Reveals Low Enrollment in the CPS, Calls for Combatting Corruption
The Chartered Institute of Personnel Management (CIPM) has uncovered a startling statistic: approximately 63 million workers in Nigeria have yet to participate in the Contributory Pension Scheme (CPS) managed by…
Nigerian Pensioners Included in N25,000 Conditional Cash Transfer Program
In a crucial development, the Nigerian federal government has announced the inclusion of pensioners under the Defined Benefit Scheme (DBS) as beneficiaries in the recently approved N25,000 conditional cash transfer…
State Governments Accumulate ₦1 Trillion Pension Debt, Struggle to Embrace Contributory Pension Scheme
State governments across Nigeria are grappling with a staggering pension debt estimated at approximately ₦1 trillion, according to a comprehensive review. Despite the enactment of the Pension Reform Act (PRA)…
Lagos State Government Pledges to Clear Pension Backlog In 2023
The Lagos State government has made a resolute commitment to eliminate the existing backlog of pensions by the end of 2023. This declaration was made by Mr. Afolabi Ayantayo, the…
Nigeria’s Retirement Savings Accounts (RSAs) Reach 10 Million Contributors, ₦16.76 Trillion in Assets
The National Pension Commission (PenCom) has revealed significant milestones in Nigeria’s Contributory Pension Scheme (CPS). According to PenCom, the number of Retirement Savings Accounts (RSAs) under the CPS has reached…
