The Federal Government has inaugurated the Pension Industry Leadership Council (PILC), marking a new step in efforts to strengthen Nigeria’s pension system and safeguard the financial future of workers.
The Secretary to the Government of the Federation (SGF), Senator George Akume, performed the inauguration yesterday in Abuja, describing the council as a symbol of foresight and a platform for synergy among industry stakeholders.
The PILC will serve as a permanent multi-stakeholder advisory body, bringing together operators, regulators, government, and social partners to unify voices across the pension ecosystem. Its role includes facilitating strategic dialogue, fostering innovation, and mobilising collective action to sustain a sound, inclusive, and sustainable pension system.
“This council represents our collective commitment to financial security, economic transformation, and generational stability for our hardworking and loyal workers,” Akume said at the inaugural meeting.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, added that the federal government would continue to uphold fiscal discipline and supportive policies to ensure the pension sector remains robust, transparent, and impactful.
