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Home Pension

Micro Pension: PenOp Sets New Adoption Model

Staff Reporter by Staff Reporter
December 15, 2021
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Image Spin: PenOp, PenCom Refresh Micro Pension Plan

PenOp and PenCom high calibre officials at the event today at Federal Palace Hotel, Victoria Island, Lagos.

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The Pension Fund Operators Association of Nigeria (PenOp) at this year’s annual media parley, with the theme “Micro Pension – Challenges and Opportunities” set the brick and mortar to drive the adoption of micro pension.

The organization’s media parley is a yearly event with the aim of bringing together pension correspondents and representatives from online media, radio, newspaper and TV to interact with industry players, get answers to questions first hand and clarify specific industry issues directly from pension operators and the regulator.

The chief executive officer, PenOp, Oguche Agudah who opened the event by commending the journalists for their efforts in helping to educate the public through their reporting and coverage, said, ‘We always look forward to this gathering when we get to have face to face discussions on issues bothering around the industry.’ He added that this was the association’s first physical meeting with all members of NAIPCO and other media representatives in the sector since advent of the pandemic.

The headline speaker of this year’s event Mr. Dauda Ahmed, head of Micro Pension division of the National Pension Commission (PenCom) shared on various aspects of the Micro Pension Plan – a pension plan for persons in the informal sector and its benefits.

The event was a meeting point for journalists, PenOp officials and PenCom top officials to rob minds, especially as it is seen as a growth frontier for the pension industry and avert actions that could that could be counter productive for overall industry growth.

The PenCom at the event included Mrs Ekanem Aikhomu (Head of Investment Supervision Department); Dr Ehimem Ohioma (Head of Surveillance Department); Mr Salihu Bwala (Head of Benefits and Insurance); Mr Shola Adeseun (Representing the Zonal head of the Western Region). In his closing, the president of PenOp; Mr. Wale Odutola thanked all media representatives, CEOs of Pension Fund Administrators and representatives from National Pension Commission (PenCom) for their continued efforts in helping to consistently drive the growth and awareness of the industry.

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