She stated that insurance penetration in other countries, including South Africa and Kenya, was far higher than in Nigeria.
“Dangote Refinery is a critical factor in the Nigerian economy. It is an African champion,” said Highcap Securities vice-president.
The federal government has intensified efforts to improve participation in the ongoing mandatory verification and enrolment exercise for civil servants with accrued pension
The National Pension Commission says its Personal Pension Plan is now open to students and infants, encouraging Nigerians to begin retirement planning early.
The federal government has urged members of the National Pension Commission governing board to uphold high standards of corporate governance.
The commissioner for insurance and chief executive officer of NAICOM, Olusegun Omosehin, disclosed this during a media interactive session in Lagos.
FEC has approved a new exit benefit scheme granting retiring federal civil servants a gratuity equivalent to 100 per cent of their total annual emoluments.
The coordinator listed the benefits, including the payment of pension arrears to some pensioners in 2025 and the regular payment of entitlements.
Retired workers have appealed to the government to review the Pension Reform Act 2014 to address emerging challenges and enhance access to full retirement benefits.
PenCom boss Omolola Oloworaran says the personal pension plan is a critical pillar for building Nigeria’s long-term economic resilience.
