The Nigerian pension contributors upward trajectory has risen to N16.76tr as at the end of June 2023 from N14.99tr in December 2022. The push up was scored by N1.77tr.
In the first half of the year, membership also increased by 146,920 new contributors, from 9.36 million as at the end of 2022 to over 10 million as of June 2023.
This was made known today by the National Pension Commission Director General, Mrs. Aisha Dahir- Umar at the 2023 Journalist Conference at Zen Garden, Ikeja Lagos.
The theme of the annual event is “Transforming Service Delivery in the Pension Industry: Strategies for Improving Efficiency and Customer Satisfaction.”
The Director General who was represented by the Head Corporate Communications, Abdulqabir Dahiru, while emphasising the transformation the CPS has impacted on the pension contributors said, “The CPS has ensured that public and private sector workers can build retirement savings throughout their working lives, fostering financial security during their golden years.”
She also said PenCom has left no gap in its supervisory functions, maintaining that its “proactive regulatory has strengthened the oversight and safeguarding the oversight and safeguarding the interests of pension contributors.”