Chairman for the World Pension Summit, Harry Smorenberg, has said that Africa has the potentials ofleapfrogging the developments taking place in other countries.Smorenberg, who was speaking on Channels Television’s Sunrise Daily on Monday on the commencement of the World Pension Summit for Africa holding in Abuja, said that by learning and sharing best practices, Africa can set a new pace by being a leader in social security and pension market development in the nearer future.“The agenda for the pension market development for Africa is challenging and this is the first step where we provide a platform where we can exchange truly, expertise from not mainly African countries but also from outside Africa because in my view, Africa can really leapfrog on the development taking place in other countries.”He revealed that there would be a lotof messages in the summit on strengthening the social security system as it was the base for securing people. He explained that this was all about managing people,having equal right and avoiding social unrest which makes pension market development crucial and important as people have to feel safe to save money for their future.On the credibility and transparency of the pension market development and measures to be put in place for a lot of people to buy in to the scheme, especially for a young Nigerian market, Mr. Smorenberg emphasized the importance of education and understanding that saving money for later is better.“If we can educate people, which is where our financial literacy comes in, and have kids in school understand what interest is and the effect of inflation on your savings, which are complex things to understand, then it would be better.”In what he described as ‘Personal Economy’, he reiterated that they were very simple basic steps which should continue each year at schoolfor people to have the perfect enlightenment about the pension market development.
The World Pension Summit for Africa holds from Monday, July 7 to Tuesday July 8 in Abuja.
http://www.channelstv.com/2014/07/07/world-pension-summit-africa-can-leapfrog-development-countries-harry-smorenberg/

L-R: Chairman World Pension Summit for Africa Grace Usoro, Chairman WPS Mr Harry Smorenberg, Acting DG PENCOM Ms. Chinelo Anohu - Amazu, President Goodluck Jonathan, Ngozi Okonjo-Iweala, co-chair Mr Eric Eggink and Chairman Senate Committee on Pension Senator Alosius Etuk at World Pension Summit (Africa Special) in Abuja

Some participants at the World Pension Summit for Africa in
Abuja

President Jonathan at the World Pension Summit for Africa in Abuja

God Bless President Jonathan!

God bless Nigeria

How does that stop Jona-daft's gang members from stealing pension funds??

G