The National Pension Commission (PenCom), has said it is targeting no fewer than 30 million Nigerians in its Micro Pension Plan (MPP) within the next five years.
The Head of Corporate Communications Department of the commission, Peter Aghahowa disclosed this while briefing journalists on Wednesday at the ongoing Enugu International Trade Fair.
Mr Aghahowa was represented by the Assistant General Manager, Corporate Communications Department, Carol Alex-Uzomah.
Mr Aghahowa said the move was to assuage the yearnings of the categories of workers by ensuring financial inclusion in the sector.
According to him, the scheme would cover all manner of self-employed people including artisans, petty traders, water sellers and many more.
“The plan which is an initiative of the PenCom is aimed at the provision of pension services to self-employed persons in the informal sector and employees of organisations with less than three staff.
“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 is to achieve coverage of 30 million people in the informal sector by 2024”, he said.


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