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Buhari to launch Micro Pension Plan Thursday March 28 - The Revealer
Pension

Buhari to launch Micro Pension Plan Thursday March 28

As part of the initiatives to bring financial inclusion to all working Nigerians, the President of the Federal Republic of Nigeria , Muhammadu Buhari will launch the Micro Pension Plan(MPP) on Thursday March 28,2019 at the State House in Abuja.

A statement by the Commission’s Head, Corporate Communications, Mr. Peter Aghahowa made available to us today said the plan which is an initiative of the National Pension Commission (PenCom) is aimed at the provision of pension services to self-employed persons in the informal sector and employees of organisations with less than 3 staff.

It stated that the informal sector constitutes an estimated 69 million work force in the country and represents an estimated 88 per cent of Nigerian workers that lack pensions and safety nets for their old age.

The goal of the Commission, according to the statement, is to achieve coverage of 30 million people in the informal sector by 2024.

“The formal launch is the official flag off of the plan and attests to the objective of the current administration to provide ample opportunities for financial inclusion and economic stability for more Nigerians in the informal sector. This initiative gives theself-employed Professionals, Entertainers, lawyers, doctors, entrepreneurs, artisans, casual workers etc opportunity to save for pension.

“The launch signifies the commencement of activities that will culminate to the full implementation of the MPP.

“Accordingly, the National Pension Commission and the pension operators will continue the education and sensitization of the public   through robust campaigns across traditional, social and digital media while Registration of Contributors will follow in subsequent months,” the statement added.

The National Pension Commission remains committed to good corporate governance and high ethical standards that will ensure the success of the Micro Pension Plan.

Edet Udoh

We are The Revealer, a general online news platform based in Nigeria. Our focus amongst others is to provide credible, factual, well researched and balanced news and articles for our teeming readers in business, governments, politics, engineering, science, religion, technology etc. Edet Udoh is the Managing Editor. He is an experienced media person. He has worked extensively with the Champion Newspapers, The Authority Newspapers and the Blueprint Newspaper before starting Revealer Online News platform in 2018. He can be reached with this email address: edetudoh2003@gmail.com or via these phone numbers 08061246427 and 08170080488

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