PenCom DG Marks One Year in Office
By Patience Ikpeme
The National Pension Commission (PenCom) celebrated the completion of one year in office of its Director General, Omolola Oloworaran.
The occasion was marked by a reception involving Commissioners, Senior Management, and staff, who gathered to recognize the DG’s leadership.
Throughout her tenure, Ms. Oloworaran has demonstrated a committed and strategic approach to advancing the interests of the pension industry.
PenCom staff commended her for ensuring the timely payment of accrued pension rights to retirees and her dedication to staff welfare.
Under her leadership, PenCom has exhibited strengthened operational efficiency, enhanced collaboration across departments, and a clear strategic focus on implementing significant reforms within the pension sector.
The DG’s administration has been instrumental in maintaining industry stability and improving service delivery. Achievements during Ms. Oloworaran’s regime have significantly strengthened the pension industry in Nigeria.
Key milestones include the prompt payment of accrued pension benefits, which has substantially reduced the delays that previously affected retirees. Under her leadership, PenCom has overseen the management of pension assets exceeding N26 trillion, contributing meaningfully to national economic development.
Furthermore, the implementation of key regulatory reforms, such as the issuance of Pension Clearance Certificates, has enhanced governance and compliance across the pension ecosystem.
In addition to these reforms, Ms. Oloworaran has championed initiatives aimed at improving pensioner welfare, resulting in increased monthly pension disbursements to over 233,000 retirees.
Her advocacy efforts have also secured government approval for a N758 billion bond to address legacy pension liabilities, further strengthening financial security for retirees.
These achievements collectively reflect a focused commitment to building a pension system that ensures security and dignity for all Nigerian workers upon retirement. Ms. Oloworaran emphasized the ongoing nature of the reform process, stating, “Our commitment remains to build a pension system that guarantees security and dignity for all Nigerian workers upon retirement.”
