PenCom Unveils Pension Revolution 2.0 To Strengthen Retirement System, Broaden Access

The National Pension Commission (PenCom) has launched Pension Revolution 2.0, a sweeping betterment programme designed to reposition the country’s pension manufacture for its adjacent signifier of growth, resilience, and nationalist development.

Announcing the inaugural connected Monday night, September 22, 2025, PenCom’s director-general, Ms. Omolola Oloworaran, said the reforms marked “the astir important advancement since 2004,” erstwhile the enactment of the Pension Reform Act introduced the Contributory Pension Scheme (CPS) and transformed status savings successful Nigeria.

“Two decades later, we basal astatine different defining moment,” Oloworaran declared connected her X (formerly Twitter) grip @Omololabo.

“Pension Revolution 2.0 is bold successful ambition, yet evolutionary successful practice. It ushers successful a caller epoch of dignity for retirees, inclusion for each Nigerian worker, and resilience for our nationalist economy,” she wrote.

She explained that the programme aligns with the imaginativeness of President Bola Tinubu, who has directed that Nigeria’s pension strategy indispensable broaden access, mobilise semipermanent savings for development, and warrant dignity successful retirement.

Beginning this week, PenCom volition contented caller regulations connected a regular basis, each targeting higher standards crossed concern management, governance, compliance, fiscal inclusion, and work delivery.

In addition, the Commission will, wrong the adjacent 3 months, aviator wellness security sum for retirees and activate the long-awaited Minimum Pension Guarantee.

According to Oloworaran, these initiatives purpose to “safeguard retirees’ dignity and enactment a decent modular of living.”

The betterment docket is anchored connected 5 halfway objectives: Enabling dignity for retirees done wellness security and a guaranteed minimum pension; optimising concern show portion protecting contributors’ funds to present sustainable semipermanent returns; and expanding pension sum to each Nigerian, with peculiar absorption connected informal assemblage workers.

Apart from that, the betterment is besides being focused connected harnessing exertion and innovation to democratise entree and heighten work delivery, and nlocking pension assets arsenic reliable superior for infrastructure and nationalist development.

“Pension Revolution 2.0 is much than regulatory reform,” the PenCom DG said. “It is simply a renewal of trust, an improvement of our system, and a bold nationalist strategy.”