Nigeria’s Pension Assets Hit N32trn As Kenya Delegation Arrives To Learn From CPS Model

Nigeria's pension assets have reached over N32 trillion, representing about 10.4 percent of the nation's Gross Domestic Product, according to the National Pension Commission (PenCom). This significant growth in pension assets coincides with the arrival of a four-member delegation from Kenya's Retirement Benefits Authority (RBA) in Abuja. The delegation is in Nigeria to examine the country's pension frameworks and learn from the successful implementation of the Contributory Pension Scheme (CPS) model. PenCom has highlighted the importance of international collaboration in enhancing pension management practices.

Read More