PenCom Redesigns Pension Plan to Include Informal Sector

By using super agents and financial technology platforms to streamline onboarding into the nation’s redesigned Personal Pension Plan, the National Pension Commission has announced new initiatives to increase pension coverage in Nigeria’s sizable informal sector. The project was unveiled at the Nigerian Association of Insurance and Pension Editors’ 2025 Annual Conference, which has as its theme “Strengthening Insurance and Pension Frameworks for Better Economy.” The Micro Pension Plan’s acceptance has been minimal since its inception in 2019. The program has not taken off among Nigeria’s millions of unorganised workers, despite…