The Director General, National Pension Commission (PenCom), Ms. Omolola Oloworaran, yesterday declared that the countrys pension assets under the Contributory Pension Scheme (CPS) valued at over N26 trillion is currently fueling economic development.
She said the CPS represented more than a change in retirement policy, and demonstrates a shift in national consciousness, signaling a decisive break from past dependencies on state-provided old-age financial security to a new culture of retirement savings and forward planning.
The PenCom DG spoke in Benin City, Edo State, at the Second Run of the 2025 Consultative Forum for States and the FCT.