Thursday, May 7, 2026
26.7 C
Lagos

Inspen Retirement Radio Program Debuts on Naija FM

Inspen Media has launched a pidgin programme on radio, which is aimed at deepening pension awareness in the country.

A statement by its Chief Executive Officer, Chuks Udo Okonta, said the programme tagged: Retirement Mata, which is billed to commence Friday, April 7, 2017, will be aired on NAIJA FM 102.7 on Fridays from 5:00 – 5:30 PM. He added that the 30-minute live programme will focus on how to leverage the pension system to secure fulfilled retirement lifestyle.

He noted that the programme will be promoted through interviews with pension and insurance operators, regulators, workers and retirees, stressing that there will also be news updates and response to feedbacks from the public, which will be obtained through social media handles and live calls.

Okonta expressed optimism that the programme will help to address the issue of low awareness on the operation of pension operators and also provide an avenue for the public to interact with regulators and operators, thereby increasing the knowledge base of the public.

According to him, the programme, which is centered on lifestyle, was designed to reach out to people at the echelon and grassroots and provide opportunities for them to express themselves and proffer ways to improve the pension system.

He noted that robust awareness creation remains the best way to deepen the pension sector, stressing that the recent moves to integrate the over 50 million workers in the informal sector into the Contributory Pension Scheme (CPS) using the Micro Pension initiative, could only be achieved through co-ordinated awareness campaign.

“The introduction of the Contributory Pension Scheme (CPS) has really transformed Nigerian pension system. With over N6 trillion so far pooled from about seven million workers and efforts by the National Pension Commission (PenCom) and Pension Fund Operators Association of Nigeria (PenOp) to integrate about 90 per cent of the working population in the country that are yet to be enlisted into the scheme, coupled with recent moves to bring in  over 50 million workers in the informal sector into the CPS using the Micro Pension initiative, the need for intense and robust awareness creation remains very necessary,” he said.

spot_img
spot_img
spot_img

Hot this week

Stanbic IBTC Reinforces Leadership in Trade Finance at GTR West Africa 2026

L–R: Seun Ogundolapo, Head, Trade, Transaction Banking, Stanbic IBTC...

CIIN Unveils Programme for Insurance Week 2026

The Chartered Insurance Institute of Nigeria (CIIN) has rolled...

The Machine Era of Spam: Nigeria is Africa’s Most Spammed Country

A phone call used to mean a person on...

Mutual Benefits Bags Double Honours at 2026 NIA Awards Ceremony

Mutual Benefits Assurance Plc has recorded a significant milestone...

Topics

Pension Industry Paid N271bn to Retirees in 2014

Operators in the pension industry paid out total of N271.15 billion as lump sum to retirees in 2014 under the new Contributory Pension Scheme (CPS) and an average monthly pension of N3.84 billion. In addition, another sum of N62.20 billion was paid as premium to insurance companies to provide life annuity for 14, 784 retirees. Mrs. Chinelo Anohu-Amazu, Director-General, National Pension Commission (PenCom) told Business Journal in an Executive Chat that a total of 115,529 workers had retired as at 31 December, 2014 with 87.20 percent (100,745) of the retirees on Programmed Withdrawal, while the remaining 12.80 percent (14,784 retirees) were on Life Annuity.

Africa Nominates Zimbabwe’s Tourism Minister, Mzembi, for UN – WTO Secretary-General

African nations have nominated a Zimbabwean, Dr. Walter Mzembi, as...

The PenCom 2019 Journalists’ Workshop in Benin-City

Mr. Abisola Onigbogi (ED Technical, ARM Pension Managers), Mr....

Linkage Assurance Names Daniel Braie Acting MD/CEO

The Board of Directors, Linkage Assurance Plc has named...

Nova Merchant Bank ED, Funke Okoya, Named Chairperson, Women’s Empowerment Commission

Mrs. Funke Okoya, an Executive Director, NOVA Merchant Bank...

US Approves Airbus, Boeing Aircraft Export to Iran

The US Treasury Department’s Office of Foreign Asset Control...

PwC: African Capital Market Declined in 2019, Lowest in 10 Years

  Overall, African equity capital market (ECM) activity in 2019...

NA to Strengthen NIMC’s Regulatory Function with New Act

The National Assembly, as part of the moves to...
spot_img

Related Articles

Popular Categories

spot_imgspot_img