The National Pension Commission (PenCom) is set to attract 60 million Nigerians in the informal sector to the pension scheme and hit N3 trillion assets growth.
PenCom said the extension of the pension scheme to the informal sector was to ensure that all Nigerians have a good life at old age.
The Head, Research and Corporate Strategy of the commission, Dr Aminu Farouk, said in Lagos that the set of Nigerians would be attracted through micro pension scheme.
Farouk said the scheme, which targeted Nigerians with low and irregular income in the informal sector, would be formally launched before the end of first quarter.
“The balance in the Retirement Savings Accounts (RSAs) of the micro pensioners could be used as equity contribution for residential mortgages or business support,” he stated.
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