Stakeholders at the 2026 Inspenonline Retirement Summit have advised in formal and informal sectors of the economy to strategically plan their retirement utilizing multiple available windows.
Assembled resource persons urged workers to plan for their retirement while on the job stressing that early retirement plans is the antidote for hassles in retirement which has become a drop zone for those that did not plan to retire. A big plus that such plan is in place is increased subscription to insurance and pension products.
The Chairman of STI Leasing Limited Mr. Tom Ogboi, emphasised that planning for retirement is intentional for every worker. He called for sensitisation on how workers can enjoy life post-retirement.
The Chief Executive Officer (CEO), the Centre for the Promotion of Private Enterprise (CPPE) Dr. Muda Yusuf, said the present state of many ex-workers is sour be of systemic collapse and poor retirement awareness.
To mitigate this, Yusuf advocated for the creation of a specialized government agency responsible for, Increasing public awareness and advocacy; Driving enlightenment and education on retirement matters and Ensuring workers actively structure their retirement plans while still in active service.
Addressing the gathering, the Media, Branding, and Communications Lead at the Pension Fund Operators Association of Nigeria (PenOp), Olajumoke Akinwunmi, stated that the pension industry has evolved significantly to ensure retirees receive their benefits as and when due.
She added that pension fund assets have grown consistently, yielding strong investment returns to deliver value to contributors. Akinwunmi highlighted the Personal Pension Plan (PPP) as a tool designed to bring flexibility to pension onboarding, particularly for players in the informal sector from the age of 18..
The Publisher of Inspenonline and Convener of the Summit Mr. Chuks Udo Okonta, explained that the initiative was established three years ago to bridge the critical knowledge gap clouding retirement matters in Nigeria and, would continue to drive it until every worker is fully enlightened.
Also speaking at the event, the Commissioner for Insurance, Mr. Olusegun Omosehin, who was represented, urged workers to utilize the instrumentality of insurance products to secure a stable retirement.
Concurrently, the Director-General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran, represented by the Head of Corporate Communications at PenCom, Mr. Ibrahim Buwai, noted that the commission has enhanced and revolutionised pension administration in Nigeria through its Pension Revolution 2.0 initiative.
He disclosed that the recently rebranded Micro Pension Plan (MPP) has been strategically repositioned to offer more robust, accessible, and secure long-term financial safety nets for self-employed Nigerians and informal sector workers.
Featured Picture; L-R: Idu Okwuosa-Okeahialam, Group Managing Director/CEO, Royal Exchange Plc ; Ibrahim Buwai, Head of Corporate Communications/representative of the Director General, National Pension Commission; Tom Ogboi, Chairman, STI Leasing Ltd/Chairman of occasion; Julius Odidi, Head, NAICOM Lagos Control Office, and Chuks Udo Okonta, Publisher, Inspenonline/Promoter Retirement Summit during the Inspenonline Retirement Summit 2026, in Lagos, on Wednesday
