Saturday, February 14, 2026
31.4 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

Nigeria Secures Permanent Seat on the Board of African Central Bank

During the just-concluded 39th Session of the Executive Council...

Tinubu Hails BOI on N636bn Loan Disbursement to Businesses in 2025

President Bola Ahmed Tinubu has commended the Bank of...

Index-Based Livestock Insurance Consortium Disburses ₦181.9m in Claims Payouts to Livestock Herders

A consortium of insurance companies led by Leadway Assurance...

SanlamAllianz General Insurance Appoints Jacqueline Agweh as MD/CEO

 SanlamAllianz General Insurance has announced the appointment of Mrs....

BudgIT Claims 92 Fraudulent Projects Out of 2,760 in 2024/2025 Tracka Report

Tracka, BudgIT’s service delivery promotion platform, which allows citizens...

Topics

Africa Pension Awards 2016: Call for Nomination

African countries now have the platform to showcase their...

STI Holds 2024 Strategy Retreat, Budget Session in Lagos

L-R: Segun Bankole, DGM/Head, Corporate Communications & Investor Relations,...

NAICOM Chief, Sunday Thomas, Tasks Federal, State Govts on Insurance of Public Buildings

The Commissioner for Insurance and Chief Executive Officer of...

IATA: Air Passengers Top 4bn in 2017

The International Air Transport Association (IATA) announced industry performance...

Insurance CEOs Query 10-Year Tenure Draft

Chief executives of insurance firms in the country have sharply disagreed on the draft legislation by the National Insurance Commission (NAICOM) for CEOs to leave office after 10 years. A similar measure was executed in the banking sector under Mallam Sanusi Lamido Sanusi. Many CEOs who craved anonymity queried the rationale for the measure by NAICOM, insisting that insurance should not equated with the banking sector. Click here to make lazy tweet.

CIBN Accredits Ecobank Academy, Lauds State-Of-The-Art Equipment

The Chartered Institute of Bankers of Nigeria (CIBN) has...

Ecobank Confab: Experts Advise Employees, Small Business Owners on Income Diversification

  Salary earners, individuals, self-employed and small businesses have been...
spot_img

Related Articles

Popular Categories

spot_imgspot_img