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Nigerian Pensioners Included in N25,000 Conditional Cash Transfer Program

Spread the loveIn 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…

State Governments Accumulate ₦1 Trillion Pension Debt, Struggle to Embrace Contributory Pension Scheme

Spread the loveState 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…

Lagos State Government Pledges to Clear Pension Backlog In 2023

Spread the loveThe 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…

Nigeria’s Retirement Savings Accounts (RSAs) Reach 10 Million Contributors, ₦16.76 Trillion in Assets

Spread the loveThe 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…

Retirees can receive up to 50% of RSA Balance as LumpSum at retirement – PenCom

Spread the loveLagos, Nigeria – In a recent interactive session on the Contributory Pension Scheme (CPS) for the Organised Private Sector, the National Pension Commission (PenCom) revealed an exciting development…

Nigerians Access N208.56 Billion from Pension Savings Amidst Job Losses, PenCom Data Reveals

Spread the loveRecent data released by the National Pension Commission (PenCom) has revealed that Nigerians grappling with unemployment have tapped into their savings under the Contributory Pension Scheme (CPS) to…

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