The National Pension Commission (PenCom) has launched Pension Revolution 2.0, a far-reaching reform programme aimed at repositioning Nigeria’s pension industry for its next phase of growth, resilience, and national development.
Announcing the initiative on Monday night, September 22, 2025, PenCom’s Director-General, Ms. Omolola Oloworaran, described the reforms as “the most significant advancement since 2004,” when the Pension Reform Act introduced the Contributory Pension Scheme (CPS) and transformed retirement savings in Nigeria.
“Two decades later, we stand at another defining moment. Pension Revolution 2.0 is bold in ambition, yet evolutionary in practice. It ushers in a new era of dignity for retirees, inclusion for every Nigerian worker, and resilience for our national economy,” Oloworaran wrote on her X (formerly Twitter) handle, @Omololabo.
She explained that the programme aligns with the vision of President Bola Tinubu, who directed that the pension system must broaden access, mobilise long-term savings for development, and guarantee dignity in retirement.
The initiative is expected to introduce fresh measures to expand pension coverage, strengthen compliance, and channel retirement funds into productive investments that support national growth.
