Nigeria's N26 Trillion Pension Assets Driving Economic Development, Says PenCom DG

The Director-General of the National Pension Commission, Omolola Oloworaran, stated that Nigeria's pension assets worth N26 trillion are fueling economic development. She emphasized the shift towards a culture of retirement savings and financial security.

Speaking at a forum in Benin City, Edo State, she commended states for enacting pension laws and increasing contributions. The Commission's Inspector Chief, Samuel Chigozi Uwandu, highlighted the success of Nigeria's pension system, with recent milestones including increased monthly pensions and approval of N758 billion for settling pension liabilities.