Buhari launches pension scheme for artisans, others
...Vows to clear all inherited pension issues
President Muhammadu Buhari Thursday in Abuja, launched the Micro Pension Plan (MPP), where he personally registered Sagir Shawa, a Keke NAPEP operator in Karu area of Abuja.
This is even has he reiterated the commitment of his administration to address all pension issues inherited from previous administration.
The MPP, an initiative of the National Pension Commission (PenCom) aimed at providing pension services to self-employed persons in the informal sector and employees of organisations with less than three staff.
The MPP is expected to mobilise about N3 trillion savings from the informal sector into the N8.6 trillion pension assets in the country.
President Buhari explained that the initiative is to captured those not fully captured in the Pension scheme.
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According to him, “in the past we provided loans to farmers, the MPP is the natural next step.”
He urged trade association, Non-Governmental Organization (NGO), in the informal sector to join hands with the government in enlightening their members to embrace the scheme.
Acting DJ Director-General, National Pension Commission, Aisha Dahir-Umar, explained that the micro pension launch is part of the initiative to bring financial inclusion to all working Nigerians.
It noted 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.
She said the goal of the Commission is to achieve coverage of 30 million people in the informal sector by 2024.
