abc115:
President Muhammadu Buhari on Thursday launched a micro pension plan for self-employed Nigerians.

The launch took place at the State House Conference Centre, Abuja.

Mr Buhari launched the programme by supervising the registration of a Keke NAPEP operator, Sagir Shawai, a resident of Karu village of the Federal Capital Territory.

The president said the programme was conceived for Nigerians in the informal sector of the country.

He appealed to trade associations, workers unions and non-governmental organisations (NGOs) in the informal sector to join hands with the government in enlightening their members on the importance of the scheme.
“This initiative will capture those that are not fully captured in the existing pension scheme.

In the past three years, we have provided loans to farmers and others in the informal sector. The micro pension plan is the next step,” he said.


https://www.premiumtimesng.com/news/top-news/322832-just-in-buhari-launches-pension-plan-for-self-employed-nigerians.html

ebuk4real:


I pity whosoever puts his money in anything pertaining Nigerian government

abc115:
President Muhammadu Buhari on Thursday launched a micro pension plan for self-employed Nigerians.

The launch took place at the State House Conference Centre, Abuja.

Mr Buhari launched the programme by supervising the registration of a Keke NAPEP operator, Sagir Shawai, a resident of Karu village of the Federal Capital Territory.

The president said the programme was conceived for Nigerians in the informal sector of the country.

He appealed to trade associations, workers unions and non-governmental organisations (NGOs) in the informal sector to join hands with the government in enlightening their members on the importance of the scheme.
“This initiative will capture those that are not fully captured in the existing pension scheme.

In the past three years, we have provided loans to farmers and others in the informal sector. The micro pension plan is the next step,” he said.


https://www.premiumtimesng.com/news/top-news/322832-just-in-buhari-launches-pension-plan-for-self-employed-nigerians.html

ebuk4real:


I pity whosoever puts his money in anything pertaining Nigerian government

EntreSalary:
See them..... If the government no do anything, na wahala but if government decided to do something, Naija people will still complain. Are Nigerians cursed?

Mystick:
No details. Pension fund that the government will later dip their leprous fingers into.

SilasNwude:
Buhari is a terrorist
useless old terrorist scammer
Thunder scatter Buhari Insha'Allah amin
Thunder scatter Buhari Insha'Allah amin
Thunder scatter aisha masha Allah amin

slowbreeze:
Odiegwu!!
I rather dig ground and put my savings for pension as a self employed business individual than to trust my hard earned "ego" with this 419 change govt policies..Nke a bu akuko ifo.Anyway I trust my people on that one..(In phynos voice: Ndi ala; ha choro iri m)

mmadu5:
if you put your money its gone . tell your loved ones

wellmax:


Children of hate can never grow. They remain childish till they die. Death doesn't even part them with stup1dity. It's just in their gene.

ud4u:
People that are hungry will now spare money for pension scheme. This is a joke and cannot work

tsdarkside:


if fee dee fee land their again,yes....

tsdarkside:



and if it get stolen na you will still shout zoo....

na you sabi....if you believe that nothing can work in nigeria,then pack your things and go try in other nations....

nobody is holdin you down in nigeria....

EntreSalary:
See them..... If the government no do anything, na wahala but if government decided to do something, Naija people the dumb gorilla descendants from a certain landlocked region will still complain. Are Nigerians those dumb gorilla descendants cursed?

Mystick:
People like you don't read. Fee dee fee instituted the current pension fund and never touched it, they even prosecuted Maina that looted part of it. Today the same Maina was reinstated and promoted twice by APC and even paid two years salaries and allowances. The pension fund has also been borrowed by this APC current administration. So tell your stories to your type.

Shikini:
The total pension assets under the Contributory Pension Scheme rose to N8.49tn as of the end of November 2018 financial period, latest figures obtained from the National Pension Commission on Tuesday revealed.

The pension commission said 72.5 per cent of the fund had been borrowed by the Federal Government and invested in the FGN securities totalling N6.16tn during the period under review.

The Pension Fund Administrators also invested 6.87 per cent or N584.321bn of the fund in domestic ordinary shares, while 0.71 or N60.529bn of the fund was invested in foreign ordinary shares.

According to the Pension Reform Act, the PFAs manage the funds which are in the custody of the Pension Fund Custodians.

The commission stated that it continued its consultative philosophy in the regulation and supervision of the industry.

According to PenCom, the risk-based examination approach was implemented as a way of promoting transparency and providing early warning signals as well as encouraging pension operators to regularly self-evaluate their positions.

The Acting Director-General, PenCom, Mrs Aisha Dahir-Umar, said in an effort to promote a stable and sustainable pension industry, the commission adopted zero tolerance for non-compliance and consultative supervisory philosophy in the issuance of guidelines and the review of existing ones to further promote sound corporate governance in the industry and ensure the security of the pension assets.

In addition, she said, the commission in 2018, moved to a more risk-based approach to supervising pension operators by aligning its supervisory framework with that of the Financial Services Regulation Coordinating Committee.

“We believe this will promote better risk management in licensed pension operators,” she stated.

She said the commission, last year, released the framework and guidelines for the implementation of the micro pension scheme, which was targeted at increased participation of employees in the informal sector, multi-fund structure and revised guideline for fund accounting as well as revised circular for branch opening and service centre by the PFAs.

“Similarly, circulars on pension enhancement and processing procedures of deceased benefits entitlement were also released by the commission,” she stated.

According to her, the monitoring and reporting of non-compliance with regards to the implementation of these guidelines and other existing regulations remained part of the responsibilities of the compliance officers.

The acting director-general said the commission would continue with its consultative philosophy, transparency and good corporate governance in the implementation of the CPS in Nigeria.

https://punchng.com/fg-borrows-n6-16tn-from-n8-499tn-pension-fund/

jasmine1600:
Crude desperation to win 2019
APC and borrowing. Yet no physical infrastructure.
Every economic indexes are on nose dive.
All will be channeled to 2019 Election funding.
No hope for the masses and the Country in general.
Buhari keeps destroying the economy that was one of the fastest growing economy in the world in 2015.

Top 10 fastest growing economies in Africa in 2018 (World Bank, IMF....)

[1] Ghana >>>>>>>8.3%
[2] Ethiopia >>>>>>8.2%
[3] Cote d'Ivoire>>>7.2%
[4] Djibouti >>>>>> 7.0%
[5] Senegal >>>>>>6.9%
[6] Tanzania >>>>> 6.8%
[7] Sierra Leone>>>6.3%
[8] Burkina Faso>>>6.0%
[8] Benin Rep>>>>>6.0%
[9] Rwanda>>>>>>>5.9%
[10] Niger Rep>>>>>5.2%
------------------
[41] NIGERIA>>>>>>1.9%,
Note: Nigeria was Number [1] in 2012, 2013, 2014 and 2015.
Also, Nigeria was the 3rd fastest growing Economy in the World in 2014 now, the 88th.

SOURCES| World Bank, Brookings Institution, IMF.