BY NKECHI NAECHE-ESEZOBOR—Nigeria’s pension reform agenda gained global attention as the Director General of the National Pension Commission (PenCom), Omolola Oloworaran, took center stage at the Social Enterprise Conference (SECON) hosted by Harvard Kennedy School and Harvard Business School.
Engaging an international audience of policymakers, investors, and academics, she highlighted the strategic direction of Nigeria’s “Pension Revolution 2.0,” underscoring key milestones, ongoing reforms, and the sector’s growing role in driving long-term economic development.
At a fireside chat hosted by the Africa Caucus, she provided a detailed perspective on Nigeria’s pension reform journey, including the strategic direction of the “Pension Revolution 2.0” agenda, the significance of the ₦758 billion pension bond that settled longstanding pension obligations and ongoing efforts to expand coverage to the informal sector through fintech-driven solutions.
She also addressed equity market readiness for increased pension fund participation and the critical issue of public trust in the system.
Earlier, the DG held an interactive Meet and Greet session with African students, where discussions focused on domestic capital mobilization, long-term investment, and the role of strong regulation in shaping Africa’s financial future.
The engagement reinforced the position of Nigeria’s pension industry as a major source of long-term capital and a key driver of sustainable economic development.
