2025-12-15 08:00:00
According to The Punch, the National Pension Commission (PenCom) expressed concern that personal pension plan (PPP) accounts are poorly funded, citing low contribution levels relative to account openings.
Punch reports the commission said the funding gap could weaken retirement outcomes and called for improved contributor discipline and broader pension awareness, especially for informal-sector participants.
The report adds that stronger compliance and product design could help scale voluntary pension savings and reduce old-age financial vulnerability.
Analysis/Echotitbits take: Voluntary pension uptake is a key lever for Nigeria’s informal economy, but sustainability depends on regular contributions and trust. Watch for PenCom’s enforcement stance, incentives for contributors, and partnerships that make micro-savings easier.
Source: The Punch — December 9, 2025
The Punch https://punchng.com/unfunded-personal-pension-plans-worry-pencom/ December 9, 2025
