Tag
OGUCHE AGUDAH
The Personal Pension Plan (PPP), formerly known as the Micro Pension Plan (MPP), has emerged as one of the most dynamic and fastest-growing segments of Nigeria’s pension industry, according to the Pension Fund Operators Association of Nigeria (PenOp).
Nigeria’s private sector accounts for 47.76% of the country’s pension fund contributions of N10.95 trillion as of the second quarter of 2024.
The Pension Fund Operators Association of Nigeria (PenOp) has disclosed that about N208.86 billion was released to about 475,230 Nigerians who lost their jobs as of the second quarter of 2023.