NANS Inducts PenCom DG Into Hall Of Fame

The National Association of Nigerian Students (NANS) has inducted the director general of the National Pension Commission (PenCom), Mrs Aisha Dahir-Umar, into the association’s Hall of Fame in recognition of her professional service and purposeful leadership in the pension industry.

NANS also conferred on Mrs Dahir-Umar, the NANS Merit Award for her contributions to national development and support for young people and students.

Speaking during the award ceremony held in Abuja at the weekend, the Senate president of NANS, Comrade Attah Felix Nnalue said, NANS Merit Award is presented to individuals whose lives exemplifies the ideas of living for the sake of others and dedicate themselves to national building and service to humanity.

Comrade Nnalue said, the induction of Mrs Dahir-Umar into NANS Hall of Fame and the presentation of NANS Merit Award to her were in line with the resolution of the 68th Senate Meeting of NANS held on 25 January 2023 at the University of Abuja.

He commended the DG for her hard work, exemplary lifestyle, contribution to nation building and the advancement of the pension industry.

Dahir-Umar has been part of the journey to reform pension administration and management in Nigeria. 

Under her leadership as the director general, PenCom pension fund assets have been on a sustained growth trajectory, increasing from N6.15 trillion in 2016 to N14.99 trillion as of December 2022. 

Similarly, the number of registered pension contributors grew from 7.41 million to 9.86 million over the same period.

The launch of the Micro Pension Plan (MPP) by president Muhammadu Buhari in March 2019 was another significant step under her towards the promotion of financial inclusion for self-employed persons and workers in the informal sector. 

In November 2020, PenCom launched the Retirement Savings Account (RSA) Transfer System (RTS). 

She also implemented the maiden Pension Enhancement for CPS retirees in December 2017, an initiative that enhanced the monthly pensions of most retirees on the programmed withdrawal based on significant incomes earned from investment.

In 2021, she oversaw the recapitalisation of PFAs from N1 billion to N5 billion.