BY NGOZI ONYEAKUSI

In a sustained effort aimed at repositioning the nation’s pension industry for its next phase of growth, resilience, and development, the National Pension Commission (PenCom) has launched Pension Revolution 2.0 .

This initiative which was designed to strengthen retirement system as well as broaden pension access was announced
Monday night, September 22, 2025, by the  PenCom’s Director-General, Ms. Omolola Oloworaran.

According to her, the reforms marked “the most significant advancement since 2004,” when the enactment of 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,” Oloworaran declared on her X (formerly Twitter) handle @Omololabo. “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,” she wrote. She explained that the programme aligns with the vision of President Bola Tinubu, who has directed that Nigeria’s pension system must broaden access, mobilise long-term savings for development, and guarantee dignity in retirement.