Infrastructural Deficit: Pension Assets Offer Succour … PenOp
Nigeria’s annual infrastructure budget is barely less than five per cent of the required $100bn per needed for Nigeria to scale up infrastructure.
In addition, the Nigeria dependency ratio is especially among the elderly who depend on the children and relatives for necessities such as food and healthcare in old age.
These are some underly issues depleting the vision cycle of poverty in Nigeria.
Against this backdrop, the Nigerian pension industry is slowly but truly changing the narative.
Though the penetration is primarily in the formal sector, the pension assets has geometrically grown to over N12 trillion through combination of sound regulation and true professionalism on the part of the pension operators.
We strongly believe that the success of this collaboration will advance economic development, sustainability, job creation, and higher living standards Nigeria”.
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