The Nationwide Pension Fee (PenCom) has launched Pension Revolution 2.0, a sweeping reform programme designed to reposition the nation’s pension business for its subsequent section of development, resilience, and nationwide growth.
Saying the initiative on Monday evening, September 22, 2025, PenCom’s director-general, Ms. Omolola Oloworaran, stated the reforms marked “probably the most vital development since 2004,” when the enactment of the Pension Reform Act launched the Contributory Pension Scheme (CPS) and reworked retirement financial savings in Nigeria.
“Twenty years later, we stand at one other defining second,” Oloworaran declared on her X (previously Twitter) deal with @Omololabo.
“Pension Revolution 2.0 is daring in ambition, but evolutionary in apply. It ushers in a brand new period of dignity for retirees, inclusion for each Nigerian employee, and resilience for our nationwide financial system,” she wrote.
She defined that the programme aligns with the imaginative and prescient of President Bola Tinubu, who has directed that Nigeria’s pension system should broaden entry, mobilise long-term financial savings for growth, and assure dignity in retirement.
Starting this week, PenCom will situation new laws every day, every concentrating on greater requirements throughout funding administration, governance, compliance, monetary inclusion, and repair supply.
As well as, the Fee will, throughout the subsequent three months, pilot medical insurance protection for retirees and activate the long-awaited Minimal Pension Assure.
In keeping with Oloworaran, these initiatives purpose to “safeguard retirees’ dignity and assist an honest way of life.”
The reform agenda is anchored on 5 core aims: Enabling dignity for retirees by way of medical insurance and a assured minimal pension; optimising funding efficiency whereas defending contributors’ funds to ship sustainable long-term returns; and increasing pension protection to each Nigerian, with particular concentrate on casual sector staff.
Other than that, the reform can also be being targeted on harnessing expertise and innovation to democratise entry and improve service supply, and nlocking pension property as dependable capital for infrastructure and nationwide growth.
“Pension Revolution 2.0 is greater than regulatory reform,” the PenCom DG stated. “It’s a renewal of belief, an evolution of our system, and a daring nationwide technique.”
