
Finance
Only 0.3% of Nigeria's Informal Workers Have Pension Cover
Just 245,315 of Nigeria's roughly 84.9 million informal workers are enrolled in a pension plan, exposing a vast retirement savings gap, PenCom data shows.
Musa Abdullahi3 min read
3 results for “Retirement”

Just 245,315 of Nigeria's roughly 84.9 million informal workers are enrolled in a pension plan, exposing a vast retirement savings gap, PenCom data shows.

Nigeria's pension fund assets have grown beyond N31 trillion and now cover more than 11 million retirement savings account holders, with the regulator pushing to channel more of the money into infrastructure and the capital market.
Rising contributions and better investment income have lifted the pool of retirement savings.