Friday, January 30, 2026
26.3 C
Lagos

PenCom Unveils Pension Revolution 2.0 to Drive Industry Growth, Resilience

The National Pension Commission (PenCom) has announced the launch of Pension Revolution 2.0 – Stronger Pensions, Stronger Nigeria.

A transformative programme of reforms that builds on two decades of progress to guide Nigeria’s pension industry into its next phase of growth and resilience.

The announcement was made by the PenCom Director General, Ms. Omolola Oloworaran on her X (Twitter) handle @Omololabo on Monday, September 22, 2025.

The PenCom DG stated that the first great turning point came in 2004 with the enactment of the Pension Reform Act, which introduced the Contributory Pension Scheme (CPS) and revolutionised retirement savings in Nigeria. That reform laid the foundation for confidence, discipline, and sustainability in our pension system.

Two decades later, we stand at another defining moment. Pension Revolution 2.0 is the most significant advancement since 2004, bold in ambition, yet evolutionary in practice. It ushers in a new era of dignity for retirees, inclusion for every Nigerian worker, and resilience for our national economy.

This programme is guided by the vision of His Excellency, President Bola Ahmed Tinubu, who has directed that our pension system must enable dignity in retirement, broaden access for all Nigerians, and mobilise long-term savings as reliable capital for national development.

Beginning this week, the Commission will release the new regulations daily. Each guideline sets higher standards across critical pillars – from investment and risk management to governance and compliance, to service delivery and financial inclusion.

In line with the President’s directive, the Commission will also, within the next three months, pilot health insurance coverage for retirees and activate the Minimum Pension Guarantee, with the aim of safeguarding retirees’ dignity and supporting a decent standard of living.

Collectively, these reforms represent a bold step forward:

  • Enabling dignity for retirees through health insurance and a minimum pension floor.

Collectively, these reforms represent a bold step forward:

  • Enabling dignity for retirees through health insurance and a minimum pension floor.
  • Optimising investment performance while safeguarding contributors’ funds to deliver sustainable long-term returns.
  • Expanding pensions to reach every Nigerian, especially those in the informal economy.
  • Harnessing technology and innovation to democratise access and improve service delivery.
  • Unlocking pension assets as a dependable source of financing for national development

Pension Revolution 2.0 is more than regulatory reform, it is a renewal of trust, an evolution of our system, and a bold national strategy.

#StrongerPensionsStrongerNigeria.

#PensionRevolution2.0.

Sequel to the announcement by the PenCom DG, two Revised Guidelines have already been released and uploaded on the PenCom website:

  • The Revised Guidelines on Appointment to Board and Senior Management
  • The Revised Guideline on Corporate Governance
spot_img
spot_img
spot_img

Hot this week

NLNG Rebrands The Nigeria Prizes with New Visual Identities

L–R: Dr. Sophia Horsfall, GM, External Relations & Sustainable Development,...

Linkage Assurance Reports 24% Rise in Insurance Revenue to N27.6bn in FY 2025

Underwriting giant, Linkage Assurance Plc, delivered a robust operating...

PenCom Raises NSITF Pensions, Pays N9bn Arrears to 2116 Retirees

The National Pension Commission (PenCom) has approved an upward...

ITU Sets Path to Drive Digital Benefits for Citizens Worldwide

Member States of the International Telecommunication Union (ITU) agreed...

IMPI: Nigeria’s Economic Model under Tinubu to Deliver 5.5% GDP in 2026

One of Nigeria’s notable policy groups, the Independent Media...

Topics

Govt, Telecoms Top Targeted Sectors for Cyber Attacks

In East Africa, governments are the top target sector...

‘Digital Economy to Surpass 10% of African GDP in 10 Years’

The impact of digital technology in the creation of...

Market Statistics: Thursday, 16th November 2017

Market Cap (N'bn)                12,750.3 Market...

NEM Insurance Group Reports N19bn Profit, N16bn Claims Payment in 2023

L-R:  Managing Director/CEO, NEM Insurance Plc, Mr. Andrew Ikekhua;...

Ecobank Unveils mVisa in 33 African Countries

Ecobank has partnered with Visa to launch Ecobank Scan+Pay...

Nigeria Re Names Gbenga Falekulo as New CEO

  Mr. Gbenga Falekulo Managing Director/CEO Nigeria Reinsurance Corporation Mr. Gbenga Falekulo has...

Bloomberg Africa Business and Economic Summit Explores Growth

As shifting global economic conditions place further pressure on...

14-Year-Old Prodigy, Kentimfon Ndanyongmong, Wins 2023 Heirs Life Essay Championship

Kentimfon Ndanyongmong, a JSS 3 student from Beulah International...
spot_img

Related Articles

Popular Categories

spot_imgspot_img