Nigerians in informal sector can now save pensions through POS - Oloworaran

Nigerians in informal sector can now save pensions through POS - Oloworaran

The Director General of the National Pension Commission, Omolola Oloworaran, said Nigerians in the informal sector can now save for their retirement through Point of Sale terminals operated by Fintech. Oloworaran disclosed this in an event in Abuja on Monday, noting that the move is to boost the penetration of pensions in the country’s informal sector, which currently stands at 0.25 percent. According to her, the Commission accredited its first …

After Six Years of Failure, Nigeria Turns to Fintech Model to Fix Informal Sector Pensions - Innovation Village | Technology, Product Reviews, Business

For six years, Nigeria’s “Micro Pension Plan” (MPP) has been inactive. It was launched in 2019 by the Buhari administration to include millions of traders, artisans, and gig workers in the pension system. However, progress has stalled. As of Q3 2024, only about 164,000 out of a target of roughly 75 million informal workers had registered. Of these, only about 12,000 had funded accounts. This means coverage is effectively zero. On Monday, the Nat…

PPP Key To Nigeria’s Economic Resilience– PenCom Boss

PPP key to Nigeria’s economic resilience– PenCom boss By Nana Musa The Director-General (D-G) of National Pension Commission (PenCom), Ms Omolola Oloworaran, says the Personal Pensions Plan (PPP) is a critical pillar for building Nigeria’s long-term economic resilience. Oloworaran said this during the inauguration of “8Awabah” the first Accredited Pension Agent (APA) in Abuja on Monday. She said News Agency of Nigeria

PenCom Accredits First Pension Agent To Boost Personal Pension Plan Enrollment In Nigeria

The National Pension Commission (PenCom) has accredited Awabah as the first Pension Agent for enrolment under Nigeria’s Personal Pension Plan (PPP), marking a pivotal development in expanding pension coverage for the country’s informal workforce. The announcement was made via the regulator’s official social media platforms on Friday, February 8, 2026. The PPP, formerly known as the Micro Pension Scheme, targets self-employed individuals and work…

PenCom Courts Fintechs, Telcos To Reach 75 Million Informal Workers

The National Pension Commission (PenCom) has said it will rely on digital platforms and accredited pension agents to bring millions of informal sector workers into Nigeria’s pension system, warning that more than 75 million Nigerians currently face retirement without any form of pension or social protection. The Director-General of PenCom, Omolola Oloworaran, stated this in Abuja on Monday at the presentation of a licensed accredited pension age…