27-28 SEPTEMBER 2016

WorldPensionSummit Africa Special

The only platform 'for and by' Pension Professionals, exchanging knowledge and innovative ideas on securing sufficient pension provision. 

 

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National Pension Commission



The National Pension Commission (PenCom) is a public institution, established to regulate, supervise and ensure effective administration of pension matters in Nigeria. PenCom was established following the pension reform in 2004 that culminated in a paradigm shift in Nigeria's pension system from the Defined Benefits Scheme to the Defined Contributory Pension Scheme, through the enactment of the Pension Reform Act 2004, now re-enacted as the Pension Reform Act 2014. 

In its twelve years of existence, PenCom has painstakingly built a strong, transparent and dependable pension system in Nigeria, which is overseen by a dynamic and efficient regulatory structure.  Its effective regulation has enabled the generation of a pool of long term funds in the region of N5.7 trillion as at the end of May 2016.  The pension fund investments have contributed significantly to the robust economic growth experienced in Nigeria, as Pension Assets/GDP ratio have increased significantly.
PenCom is poised to stimulate further socio-economic development, job creation and economic sustenance by ensuring that pension funds are strategically and securely channeled towards the financing of infrastructure and other developmental projects in the real sector.
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