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PenCom urges more states to adopt CPS

PenCom urges more states to adopt CPS
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AI Executive Briefing
Verified Synthesis~25s read
The Director-General of the National Pension Commission, Omolola Oloworaran has urged states to adopt the Contributory Pension Scheme to expedite action as it is the only way to guarantee dignity of retirees. She said, “This is our inaugural National Pensions Award, where we are celebrating excellence, innovation, coverage, and commitment to pension reform, commitment to dignity for all young Nigerians.
Context & Background
  • ✦Oloworaran made the disclosure in Abuja over the weekend at the Pension Awards night as part of activities marking the National Pension Week.
Key Figures & Named Entities
₦2.5 million:And it is a call for those yet to adopt the CPS to do so as it is the only way to guarantee dignity of retirees,” she said The PenCom DG explained that the awards “were set aside for pension fund administrators, pension fund custodians, close pension fund administrators, and also employers as well as part of efforts to drive commitment and growth in the sector.” Oloworaran further acknowledged the role of the National Assembly in the ongoing pension Act review, adding, “Stakeholders should be ready to commit to greater pension coverage, stronger institutions, and a better life for ordinary Nigerians.” UPDATE NEWS: Nigerians can now invest ₦2.5 million on premium domains and profit about ₦17-₦25 million.Dollars.:All earnings paid in US Dollars.
Outlook & Next Steps
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Key Takeaways
Verified Extract
  • ✦The Director-General of the National Pension Commission, Omolola Oloworaran has urged states to adopt the Contributory Pension Scheme to expedite action as it is the only way to guarantee dignity of retirees.
  • ✦She said, “This is our inaugural National Pensions Award, where we are celebrating excellence, innovation, coverage, and commitment to pension reform, commitment to dignity for all young Nigerians.
  • ✦Oloworaran made the disclosure in Abuja over the weekend at the Pension Awards night as part of activities marking the National Pension Week.
Key Facts:₦2.5 million: And it is a call for those yet to adopt the CPS to do so as it is the only way to guarantee dignity of retirees,” she said The PenCom DG explained that the awards “were set aside for pension fund administrators, pension fund custodians, close pension fund administrators, and also employers as well as part of efforts to drive commitment and growth in the sector.” Oloworaran further acknowledged the role of the National Assembly in the ongoing pension Act review, adding, “Stakeholders should be ready to commit to greater pension coverage, stronger institutions, and a better life for ordinary Nigerians.” UPDATE NEWS: Nigerians can now invest ₦2.5 million on premium domains and profit about ₦17-₦25 million.Dollars.: All earnings paid in US Dollars.
Editorial Excerpt

The Director-General of the National Pension Commission, Omolola Oloworaran has urged states to adopt the Contributory Pension Scheme to expedite action...

Frequently Asked Questions About This Story

What is the latest development regarding Federal Capital Territory?

The Director-General of the National Pension Commission, Omolola Oloworaran has urged states to adopt the Contributory Pension Scheme to expedite action as it is the only way to guarantee dignity of retirees.

Who are the key organizations or public figures mentioned?

The primary parties identified in this coverage include Federal Capital Territory, National Assembly of Nigeria.

What timeline or key figures were confirmed?

And it is a call for those yet to adopt the CPS to do so as it is the only way to guarantee dignity of retirees,” she said The PenCom DG explained that the awards “were set aside for pension fund administrators, pension fund custodians, close pension fund administrators, and also employers as well as part of efforts to drive commitment and growth in the sector.” Oloworaran further acknowledged the role of the National Assembly in the ongoing pension Act review, adding, “Stakeholders should be ready to commit to greater pension coverage, stronger institutions, and a better life for ordinary Nigerians.” UPDATE NEWS: Nigerians can now invest ₦2.5 million on premium domains and profit about ₦17-₦25 million.

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