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Nigeria's pension overhaul introduces global access, informal worker plans, and stronger oversight to ensure sustainable retirements.
Nigeria’s pension reforms, led by PenCom, are advancing through the Pension 2.0 initiative, introducing foreign currency contributions for Nigerians abroad, a Personal Pension Plan for informal workers, and accredited pension agents to boost access.
Revised governance rules and increased recapitalization requirements aim to strengthen fund operators, ensuring long-term sustainability and public trust.
Director-General Omolola Oloworaran called the reforms “Mission Possible,” emphasizing transparency, digital innovation, and timely pension disbursements.
PenOp warns against full lump-sum withdrawals, stressing the need for structured retirement savings to protect against inflation and poor investment choices.
La reforma de las pensiones de Nigeria introduce el acceso global, los planes para trabajadores informales y una supervisión más fuerte para garantizar jubilaciones sostenibles.