ADVERTISEMENT
  • Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, September 19, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

PenCom Reviews Investment Rules For Pension Funds

As 10.53m contributors save N21.92trn U.S-Venezuela deal

by Mark Itsibor
9 months ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

National Pension Commission (PenCom) has initiated a comprehensive review of the investment regulations for pension funds aimed at diversifying pension fund investments into inflation-protected instruments, alternative assets, and foreign-currency denominated investments.

Advertisement

“Our goal is to safeguard contributors’ savings and ensure resilience against future economic volatility,” the director general of PenCom Omolola Oloworaran made the disclosure during the 2024 PenCom Media Conference in Abuja.

The DG also said high inflation, the devaluation of the Naira, and the lingering effects of unorthodox monetary policies have eroded the real value of pension funds, impacting contributors’ purchasing power.
As of October 2024, the CPS has recorded 10.53 million registered contributors and boasts pension fund assets of N21.92 trillion. These numbers reflect our unwavering commitment to fund safety, prudent management, and sustainable growth.

The DG said the economic realities of 2024 and preceding years present unique challenges for the pension sector and the nation’s economy.

Oloworaran said as of October 2024, the Contributory Pension Scheme has recorded 10.53 million registered contributors and boasts pension fund assets of N21.92 trillion. “These numbers reflect our unwavering commitment to fund safety, prudent management, and sustainable growth,” she said yesterday.

Related News

Italian Luxury Brand Angelo Galasso Unveils Exclusive Collection At The Delborough Lagos

11 hours ago

How To Win Up To $100 Million? Your Guide To The World’s Biggest Lotteries

15 hours ago

Speaking to the theme of this conference, “Tech-Driven Transformation: Shaping the Pension Landscape,” Oloworaran said PenCom aims to transform service delivery, improve transparency, and drive efficiency across the pension industry.

She said expanding pension coverage remains a top priority for the commission.
PenCom’s revamped Micro Pension Plan leverages technology to incentivise informal sector participation, making it easier for everyday Nigerians to save for retirement, an initiative she said aligns with the commission’s vision of inclusive growth and financial security for all.

Oloworaran told journalists that the commission is also addressing delays in retirement benefit payments to retirees of federal government treasury-funded MDAs.

Recently, N44 billion was released under the 2024 budget appropriations to settle accrued pension rights for retirees from March to September 2023. Moving forward, we are working with the federal government to institutionalize a sustainable solution, ensuring retirees receive their benefits promptly and without undue stress.

She said her commission is shaping a future where the CPS becomes more accessible, reliable, and sustainable.

Join Our WhatsApp Channel

Tags: Omolola OloworaranPenCom
SendShare10174Tweet6359Share

Other News Updates

Business

Italian Luxury Brand Angelo Galasso Unveils Exclusive Collection At The Delborough Lagos

2025/09/18
Business

How To Win Up To $100 Million? Your Guide To The World’s Biggest Lotteries

2025/09/18
Business

Government Spends N330bn On Social Safety Nets In 9 Months

2025/09/18
Business

Stock Market Lifted By N309bn In Single Day Trading

2025/09/18
Business

RMAFC Advocates Diversification For Economic Growth

2025/09/18
Business

Expert Champions Ethical Procurement, Sustainable Growth

2025/09/18
Leadership Conference advertisement

LATEST

Niger, Benue Rivers At Peak Levels – Agency

Governor Alia’s Aide, One Other Missing

Economic Council Endorses NASENI’s Solar Irrigation Pumps

FG Moves To Curtail Tanker, Road Accidents

Enugu To Generate 1,000MW Of Energy From Coal – Governor

Edo Leaders Want Transparency In Ossiomo Power Deals

Court Stops Edo Electoral Commission, Govt From Conducting By-elections

Rivers: Fubara Not Seen In Public, Assembly Resolves To Probe Ibas

Publish Recipients Of N330bn Payout To Poor Nigerians, Labour Tells Government

I Won’t Be Blackmailed Over Doctors’ Demands – Wike

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.