Nigeria's Pension Assets Hit N25 Trillion, Benefiting 10 Million Workers
The Director-General of PenCom revealed that Nigeria's pension assets have exceeded N25 trillion, benefiting 10 million workers under the contributory pension scheme. Recent initiatives, including Pension Revolution 2.0, aim to improve retiree welfare and efficiency.
Interventions have led to increased monthly payments and the reintroduction of gratuities for civil servants. The issuance of new regulatory instruments, such as whistleblower guidelines, demonstrates a commitment to prudent governance standards.
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