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12 July 2021

11% Pension Penetration Worries Operators

Stakeholders in the pension sector at the weekend reviewed the performance of the sector 17 years after its reform as well as since the introduction of the Contributory Pension Scheme (CPS). The operators noted that though there have been remarkable growth

Stakeholders in the pension sector at the weekend reviewed the performance of the sector 17 years after its reform as well as since the introduction of the Contributory Pension Scheme (CPS). The operators noted that though there have been remarkable growth and achievements in the industry, Nigeria still lags many other countries in pension penetration with the current penetration rate of 11 per cent. The stakeholders spoke at the third annual PenOp-National Assembly retreat organised by the Pension Operators Association of Nigeria (PenOp) in Lagos. - ThisDay online