Di National Pension Commission, wey dem dey call PenCom, don announce say di Pension Industry Infrastructure Fund don reach advanced stage of implementation. Di Director General, Ms. Omolola Oloworaran, bin yarn dis one for di 3rd Pension Industry Leadership Council meeting wey hold for Abuja.
Di PIIF na initiative wey go allow pension assets dey use for critical infrastructure projects, while at di same time dey improve retirement benefits for Nigerians. According to Oloworaran, di framework don already develop and dem go present am to Pension Fund Administrators and oda stakeholders for review within di coming weeks.
She explain say di pension industry dey manage di biggest pool of long-term domestic savings for di country, so e make sense to use di money for investments wey go boost economy and give returns to Retirement Savings Account holders. Di PenCom DG also talk say dem dey work on strengthening di pension industry connection with di capital market to make sure long-term assets dey deployed well for national development.
For di meeting, dem also discuss di review of di Pension Reform Act, wey be di first major overhaul for about 12 years. Oloworaran say di review go modernise di legal framework for di Contributory Pension Scheme and address implementation gaps. She assure contributors say di main focus na to protect di interests of ordinary Nigerians.
On di issue of police pension, Oloworaran say PenCom dey engage with police personnel and relevant government institutions to resolve dia concerns. She note say di frequency of pension-related protests don reduce, wey show say dialogue dey yield results. She clarify say di main goal na to improve retirement benefits for police retirees, whether dem stay under CPS or get separate arrangement.
Di PenCom DG also talk about compliance and enforcement, saying dem don intensify collaboration with anti-corruption agencies like ICPC and EFCC to ensure employers dey remit pension deductions as required by law. She warn say defaulting employers go face accountability.
For di area of financial literacy, PenCom dey plan campaigns ahead of di inaugural National Financial Week for September. Di initiative go bring together regulators, operators, and stakeholders to promote financial awareness and encourage participation in pension programmes, especially for informal sector workers.
On state adoption of CPS, Oloworaran say Katsina and Gombe don join, and Ogun dey finalise processes. Dis bring total to nine states. She express desire to see at least two-thirds of states adopt CPS within di next 24 months, and say PenCom dey engage governors through di Nigeria Governors’ Forum.
