Pension Inflows Surge 42% Despite Idle Accounts

PenCom Advance Massive Infrastructure Investment Vehicle

The National Pension Commission has reached the final administrative stages of deploying a dedicated pension industry infrastructure fund to drive long-term domestic economic growth. Omolola Oloworaran, the director-general, confirmed that the regulatory body has already completed the primary governance framework for the Pension Industry Infrastructure Fund (PIIF). Licensed pension fund administrators are currently reviewing the…

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PenCom Warns of Pension Crisis in 23 States

Despite widespread legislation across Nigeria’s 36 states, only seven states and the Federal Capital Territory are fully implementing pension reform laws, the National Pension Commission has revealed, leaving millions of civil servants facing an uncertain retirement future. PenCom Director-General Mrs Omolola Oloworaran made the disclosure on Thursday in Abuja during the maiden bi-annual consultative session…

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