The National Pension Commission (PenCom) is set to roll out a revised investment regulation aimed at expanding pension fund opportunities in alternative assets and boosting real returns for contributors under the Contributory Pension Scheme (CPS).

Director-General Ms. Omolola Oloworaran disclosed this during a visit to Trade Union Congress (TUC) President, Comrade Festus Osifo, in Abuja.

“This initiative is part of ongoing reforms to address the erosion of value in pension savings and mitigate the impact of inflation on pension assets,” Oloworaran said.

She added that PenCom is collaborating with the Central Bank of Nigeria (CBN) and the Ministry of Finance to create frameworks that allow pension investments in naira but generate returns in dollars, protecting retirement funds from currency risks.

Ololoworaran also revealed that a minimum pension will soon be introduced for all retirees under the CPS, following President Bola Tinubu’s approval of a ₦758 billion bond to finance the Pension Protection Fund (PPF).

The PenCom boss urged the TUC to support stricter enforcement of the Pension Reform Act (PRA) 2014, which mandates employers to remit workers’ contributions promptly.

TUC President Osifo praised PenCom’s professionalism and pledged the union’s support. He also called for “a review of the PRA to introduce more flexibility in pension fund investments, ensuring workers’ savings are better shielded from inflation and exchange rate pressures.”

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