VG Pensions in Nigeria Allows Foreign Currency Pension Contributions for Diaspora and Foreign Earners

VG Pensions, a pension fund administrator in Nigeria, has positioned itself to accept foreign currency pension contributions following guidelines released by the National Pension Commission (PenCom). This move allows eligible participants such as Nigerian diaspora, Nigerian employees in foreign organizations, and foreign residents in Nigeria earning foreign currency to contribute to their retirement savings accounts.

VG Pensions' Managing Director, Godson Ukpevo Oon, described this initiative as a transformative milestone in Nigeria's pension industry. The company aims to support seamless participation for Nigerians abroad and foreign income earners in Nigeria, emphasizing compliance with PenCom's operational guidelines.

Abiodun Shode, the Executive Director of Operations, highlighted VG Pensions' readiness to connect with the diaspora for pension remittances.