Lagos, Nigeria – Oguche Agudah, wey dey represent Pension Fund Operators Association of Nigeria (PenOp), don share beta news wey fit make plenty pipo grin. For di first quarter of 2025, about 8,408 retirement savings account (RSA) holders don collect N39.86 billion to buy house. Na wetin you go fit call serious real estate hustle! Dis money wey dem don spread no be small change o, e just dey show say Nigerians dey wake up to di idea say their pension fit help dem secure better living space.
Agudah talk am for interview with NAN wey happen for Lagos on Tuesday. E mention say for Q1 2024, about 1,390 RSA contributors don take N10.52 billion for mortgage matter. E clear say di increase wey we sabi now sharp pass wetin happen dis time last year. Na 279% increase for di money dis year compared to last year o! You fit imagine wetin other pipo dey do with their own pension money? (Abeg, no just use am to buy wahala o).
Di CEO further elaborate say di rise wey we dey see for 2025 no be mere coincidence; na awareness of di policy dey grow, plus di access wey pipo get from pension fund administrators don improve. Di demand for affordable housing dey rise, and pipo dey realize say their pensions no be just for retirement but also correct way to own house now now!
As e dey hot, Agudah no forget to point out say di contributory pension scheme dey create real impact. E dey give people di ability to secure home, build stability, and still manage to improve financial inclusion across di country. Wetin fit sweet pass when you fit buy house while you dey work for di future?
Di figures wey wey dey report for Q1 2025 show 32% increase in money wey dem dey use and 18% increase in di number of beneficiaries compared to di last quarter of 2024. From di previous year, na 2,491 beneficiaries don collect N18 billion in di last quarter of 2024. As di talk dey go, people just dey jolly wey dem figure say their pension fit help dem plan better life.
Do you have a news tip for NNN? Please email us at editor@nnn.ng
