PenCom Unveils Bold Pension Growth Agenda

The National Pension Commission (PenCom) has announced plans to launch its first-ever National Pension Week, establish a Pension Infrastructure Fund, and deepen its engagement with Nigeria’s capital market over the next three months as part of efforts to improve transparency, increase awareness, and enhance the welfare of retirees.

Speaking after the 3rd Pension Industry Leadership Council (PILC) meeting on Tuesday, July 7, 2026, PenCom Director-General, Ms. Omolola Oloworaran, said preparations for the initiatives are at an advanced stage, with launches expected between July and September. She disclosed that the maiden National Pension Week is scheduled for September and that formal announcements would soon be made.
According to Oloworaran, the National Pension Week is designed to address gaps in pension literacy, public awareness, and accountability. She explained that the initiative would educate Nigerians on pension matters, improve transparency for contributors, and encourage greater participation in the Personal Pension Plan.
The PenCom boss also revealed that the Commission is strengthening its involvement in the capital market, noting that the pension industry manages Nigeria’s largest pool of long-term savings. She said strategies had already been mapped out to ensure more active participation in capital market activities.
She added that plans to establish the Infrastructure Consortium, which will float the Pension Infrastructure Fund, have reached an advanced implementation stage. The initiative is expected to channel pension assets into critical infrastructure development while delivering sustainable returns for contributors.
Oloworaran stressed the importance of partnerships in expanding pension coverage, stating that PenCom is engaging market women, transport associations, and other groups to bring more Nigerians into the pension scheme. She also disclosed that collaboration with the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and ongoing engagement with the Economic and Financial Crimes Commission (EFCC) to recover unremitted pension contributions had already yielded about ₦3 billion.
On the Commission’s healthcare initiative, Pencare, she said no fewer than 13,000 people have so far been enrolled under the programme.