
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 “workers”

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.

PenCom has automated penalties for employers that delay pension remittances, after cumulative recoveries from defaulters reached N36.6 billion.

The IMF has warned that AI could disrupt about 40% of jobs worldwide, urging governments to prepare workers and share the gains from the technology.