91% of Personal Pension Accounts Have Never Been Funded

• • 1 min read
91% of Personal Pension Accounts Have Never Been Funded

ABUJA — Only 18,811 of the 219,316 accounts opened under the Personal Pension Plan for informal sector workers have ever received contributions, about 8.5 per cent, checks by Daily Trust show. Contributions since the plan was launched total N1.66 billion. The National Pension Commission had targeted 30 per cent funded accounts by the fourth quarter of 2026. About 12 per cent of Nigeria's workforce of 92 million contribute to a pension. Pension expert Sani Mustapha suggested small contributions of N100 to N500 through USSD.

◉ 6,147 Views

Sorry, this whatsapp community is filled.