PenCom Commits N300bn to Infrastructure Development

PenCom Commits N300bn to Infrastructure Development

Nigeria’s pension regulator is steering N300 bn of retirement savings into brick-and-mortar national infrastructure, betting that physical assets can outrun the country’s punishing currency depreciation. Speaking in Lagos on Sunday after a strategic meeting of the Pension Industry Leaders Council, National Pension Commission Director-General Omolola Oloworaran confirmed that fund administrators have already signed off on…

Read Full News
PenCom Commits N300bn to Infrastructure Development

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…

Read Full News

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…

Read Full News