Pension News

Civil Society advises Nigerians to embrace Micro Pension

The Chairperson of Conference of Civil Society of Nigeria, Comrade Adams Otakwu, has advised Nigerians in the informal sector to enroll into the Micro Pension Scheme of National Pension Commission (PenCom).

Otakwu made the statement while addressing newsmen during the week in Abuja, he said that the Micro Pension scheme organized by PenCom is well structured to deliver valuable benefits to Citizens in the informal sector.

“We commend the effective and robust regulation of the Nigerian Pension industry in the last four years, as well as the uncommon drive by the National Pension Commission under Aisha Umar and the PenCom management team to boost Micro Pension in Nigeria.”

“We note the commitment of the current management of PenCom to reinvigorate Micro-Pension Education at the grass root across Nigeria that will have exponential impact on micro economic growth in the country.

“We note further that over 60% of citizens in the informal sector who are unawares or ill-informed on the Micro-Pension are currently being targeted for enlightenment by the Micro Pension Scheme of PenCom.”

“We see a visible determination by the National Pension Commission under her current management to scale up sensitization on the benefits, essence and impact of Micro-Pension as remedy for old age miseries.”

“We call on Nigerian youths, artisans, small and medium scale entrepreneurs, and members of the informal sector to enroll en-mass in the Micro-Pension Scheme of PenCom in order to ensure befitting retirement and old age lives.”

“Beyond the ongoing prospect and success of the Micro-Pension Scheme by PenCom under Aisha Umar and her management team, we have seen growth in pension assets, timely payment of retirement benefits and rapid enhancement of social safety net stimulated through the Pension Industry.”

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