BY NKECHI NAECHE-ESEZOBOR—The National Pension Commission (PenCom), on Thursday said it’s targeting three million funded active pension accounts next year, 2027.
With Nigeria’s pension assets standing at ₦31.8 trillion in August 2026, the Director-General, PenCom, Omolola Oloworaran, disclosed this today in Abuja while highlighting the millstone and targets of the commission at the fourth day of National Pension Week which commenced on Monday and is expected to to end tomorrow.
According to her pension assets grew from ₦20.79 trillion in July 2024 to ₦31.8 trillion in August 2026, reflecting an increase in the industry’s asset base over the period.
She also highlighted the approval by the President of the first-ever Exit Benefit for retirees from treasury-funded Ministries, Departments and Agencies (MDAs) of the Federal Government. A symbolic cheque was presented at the summit.
She also revealed that on November 10, 2026, President Bola Ahmed Tinubu is expected to official lunch PenCare and the Minimum Pension Guarantee in Abuja.
She called on the private sector to join the Federal Government and the pension industry in funding the Pension Protection Fund.
She also urged the pension industry to deliver competitive real returns above inflation, underscoring the need to strengthen retirement protection and preserve the value of pension savings.
“A pension is not a privilege for the few. It is a right within reach of all,” the keynote stated, highlighting the summit’s emphasis on expanding pension coverage and improving retirement security in Nigeria.
