Nigeria. PenCom Redesigns Pension Plan, Targets Informal Sector
The National Pension Commission has announced new measures to expand pension coverage in Nigeria’s vast informal sector by leveraging super agents and financial technology platforms to simplify onboarding into the country’s rebranded Personal Pension Plan. The initiative was disclosed at the recent 2025 Annual Conference of the Nigerian Association of Insurance and Pension Editors, themed “Strengthening Insurance and Pension Frameworks for Better Economy.” Since the launch of the Micro Pension Plan in 2019, uptake has remained modest. With around 200,000 contributors...
