The National Pension Commission (PenCom) has announced Awabah as the first accredited pension agent (APA) for enrolment in the Personal Pension Plan (PPP), the body confirmed on its social media platforms.
The PPP, previously known as the Micro Pension Scheme, targets workers in the informal sector to boost participation in Nigeria’s formal pension industry. It caters to self-employed individuals, artisans, traders, freelancers, consultants, and professionals such as lawyers, doctors, and accountants.
In its announcement, PenCom stated, “Awabah has been licensed by PenCom as the first APA to support marketing and registration of participants into the PPP as part of PenCom’s commitment to expanding pension coverage across the Nigerian workforce.”
Awabah is also a PenCom-approved payment solution service provider, offering a secure, free, and digital platform for pension remittance. This innovation is part of efforts to improve contributions and reduce administrative challenges in the micro-pension framework.
Despite widespread registration, PenCom reports indicate low funding levels in the PPP. According to the Q3 2025 report, only 7.6% of Retirement Savings Accounts (RSAs) were funded. Specifically, out of 206,917 RSAs registered under the PPP as of September 30, 2025, only 15,677 accounts were funded, leaving 191,240 accounts (92.4%) unfunded.
The accreditation of Awabah is expected to strengthen enrolment processes, improve contribution compliance, and close the funding gap in Nigeria’s informal pension system.
