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8.41m Registered In Contributory Pension Scheme – Pencom
No fewer than 8.41 million people have so far registered in the contributory pension scheme of the National Pension Commission (PenCom).
The commission unveiled the net in its Pension Fund Assets Summary as at December 2018 released on Wednesday.
According to the commission’s spokesman, Peter Aghowa, more Nigerians would key into the scheme through the soon to be launched “Micro Pension Scheme”.
PenCom said the Micro Pension Scheme was designed to attract self-employed Nigerians with irregular income and the financially uninformed to pension plan.
The commission posited that the scheme, which would be formally launched in this first quarter, was expected to grow contributors and accumulate N3 trillion by year 2024.
“We have no idea of the number of Nigerians that would key in at the launch of the scheme.
“ However, we intended covering the entire informal sector over time, this is about 60 million citizens,” the Commission said.
PenCom further said that total pension assets soared to N8.50 trillion at the end of 2018.
PenCom said the assets soared as six underwriting and 17 broking firms remitted over N426.36 million for their employees as at the period.
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Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
