PenCom unveils five strategic to ensure measurable impact on industry growth in post-COVID-19 era

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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 lunched 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.

 

Aisha Dahir-Umar, Director General, National Pension Commission stated this in her welcome remarks at the Journalists Workshop Organized by the Commission on Monday in Lagos

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PenCOm Director-General who was ably represented at the event by Peter Aghahowa, the head, corporate communications of the commission said the theme of this workshop; “Positioning the Pension Industry in a Post COVID Era” highlights the Commission’s laudable response to the pandemic through technology and engagement with relevant stakeholders.

 

The director general reiterated 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.

According to her, 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.

 

She added that the PenCom 2021 Journalists’ Workshop which is annual effort aimed at contributing and strengthening the capacity of the media in ensuring effective reportage of the Contributory Pension Scheme (CPS) and other related pension issues.


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