PenCom unveils 5 strategic agenda for industry growth
In line with its objectives to regulate, supervise and ensure effective administration of pension matters and retirement benefits in Nigeria, the
National Pension Commission (PenCom), has unveiled five strategic focus areas with the mandate of ensuring measurable impact on the economy and positioning the industry for sustainable growth in the post-COVID-19 era. According to the Commission, the five strategic focus areas which are aimed at maintaining momentum on initiatives are: Increased portfolio diversification of pension fund investments, sustainable growth of the pension industry through expansion of coverage of the Contributory Pension Scheme with special emphasis on States and the informal sector, enhanced pursuit of the resolution of the pension liabilities of the Federal Government under the Contributory Pension Scheme, public awareness campaign efforts and; the vigorous improvement of customer service delivery. The Director-General, PenCom, Aisha Dahir-Umar, while speaking to Journalists in Lagos, Monday, with the theme: ‘Positioning the Pension Industry in a Post COVID Era’, explained that the strategic focus plan was birthed following the termination of the corporate strategy in December 2020 and the need to provide strategic guidance for the Commission in the 2021 financial year, pending the development of a new corporate strategy.
Culled from The Sun, except headline.
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