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Contributory Pension Scheme: Pension assets hit N16.76trn in Q3

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Contributory Pension Scheme: Pension assets hit N16.76trn in Q3

 

By nigeriancourier.com on October 10

 

Mrs. Aisha Dahir-Umar, Director-General, National Pension Commission (PenCom), on Tuesday said that the Pension fund assets under the Contributory Pension Scheme (CPS), has soared to N16.76 trillion at the end of the third quarter of the year.

 

Dahir-Umar, said this in Kano at the National Pension Commission/Nigeria Employers Consultative Association (NECA) Interactive Session on the Contributory Pension Scheme for the organised private sector.

 

Represented by the Commissioner Administration, PenCom, Dr Faruk Aminu, she said that the figure was the total fund accruing from pension contributions in the country under the CPS as at the end of third quarter of 2023.

 

She explained that the pension industry was one of the fastest-growing financial sectors in Nigeria.

 

According to her, at the end of the third quarter of 2023, the number of RSAs under the CPS stood at 10 million and the size of the pension Asset under Management amounted to N16.76 trillion.

 

“The commission has continued to take giant strides towards ensuring the smooth implementation of the CPS through the revision of existing regulations and guidelines and the development of new ones.”

 

The Director-General urged employers to encourage their workers to transfer contributions of the Nigerian Social Insurance Trust Fund (NSITF) to their retirement savings accounts (RSAs).

 

This, she said, was in compliance with the commission’s responsibility of supervising the transfer, following the enactment of the Pension Reform Act (PRA) 2014.

 

“The commission is saddled with the responsibility of supervising the transfer of the NSITF contributions of employees into their respective RSAs under the CPS,” Dahir-Umar said.

 

Dahir-Umar further assured the private sector that the commission would continue to ensure robust social dialogue with NECA in the interest of all stakeholders under the CPS.

 

She also said the commission would always support NECA to champion programmes that would ensure the successful implementation of the CPS in Nigeria.

 

Similarly, Adewale Smatt-Oyerinde, Director-General, NECA, lauded the pension regulator on its effort at providing reforms to improve its services.

 

Smatt-Oyerinde, however, said the deliberation would give room for more improvement and development in the pension sector.

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Kano Line Resuscitation Committee Chairman Felicitates Gov. Abba Kabir Yusuf on Third-Year in Office

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The Chairman of the Kano Line Resuscitation Committee, Alh. Saidu Abdullahi Shu’aibu, has congratulated the Executive Governor of Kano State, His Excellency, Alh. Abba Kabir Yusuf, on the occasion of his third year anniversary in office.

In a congratulatory message, Alh. Saidu Abdullahi Shuaibu described the administration of Governor Alh. Abba Kabir Yusuf as purposeful, people-oriented and committed to restoring the lost glory of Kano State across various sectors.

He particularly commended the Governor for his unwavering support and commitment toward the revitalization of Kano Line, nothing that the ongoing reforms and investment in the transportation sector have rekindled hope among workers and the people of the state.

According to him, the efforts of the present administration in improving infrastructure, enhancing public transportation, empowering youths, supporting education, healthcare and promoting economic growth have continued to earn the confidence and support of the people in line with the “Kano First Agenda”.

Alh. Saidu Abdullahi Shuaibu further prayed for Almaighty Allah continued guidance, wisdom and protection upon Governor Alh. Abba Kabir Yusuf as he continues to steer the affairs of Kano State toward greater development and prosperity.

He reaffirmed the commitment of the Kano Line Resuscitation Committee to support the administration’s vision of transforming the transportation sector for the benefit of the people of Kano State.

 

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CS-SUNN Workshop Demonstrates Tools for Evidence-Based Nutrition Planning

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The Civil Society – Scaling Up Nutrition in Nigeria (CS-SUNN) has organized a two-day capacity-building workshop for stakeholders in Kano State on the use of the National Nutrition Budget Tracking System (NNBTS).

The training, held at Tahir Guest Palace, brought together key actors in the health and nutrition sector to enhance accountability and strengthen nutrition financing across the state.

During a presentation titled “Overview of Nutrition Financing in Nigeria: State Trend Analysis Review”, CS-SUNN official Jibrin Okpaji stressed that government interventions at all levels are vital for tackling malnutrition and its associated challenges.

Okpaji noted that sustained investment in nutrition is essential for improving public health and reducing preventable deaths among vulnerable populations.

He emphasized the need for stakeholders to acquire the technical expertise to effectively use the NNBTS, which would bolster advocacy for increased budgetary allocations and promote transparency in resource management.

Abdulrahman Abdullahi, Secretary of CS-SUNN Katsina State Chapter, described the NNBTS platform as a key tool for evidence-based planning, monitoring, and accountability in nutrition programs.

The training featured live demonstrations of the portal, practical exercises on data entry and reporting, and the generation of scorecards, analytical reports, and policy briefs using sample data.

Participants also developed state-level implementation frameworks and action plans for the effective adoption of the system.

In his goodwill message, CS-SUNN Kano Coordinator Salman Mohammad urged participants to fully utilize the training to achieve its objectives.

Stakeholders described the workshop as timely and crucial for strengthening nutrition governance and improving coordination among actors in Nigeria’s nutrition ecosystem under initiatives led by CS-SUNN and its partners.

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NPC, UNICEF Drive Sees Kano Families Register Children Digitally in High Numbers

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Families in Kano State have turned out in large numbers to participate in a digital birth registration exercise organised by the National Population Commission (NPC) in partnership with UNICEF.

The initiative, supported by the Government of the Netherlands and implemented in collaboration with the National Identity Management Commission (NIMC) and ALGON, aims to provide legal identity for children, particularly in hard-to-reach and underserved communities.

Speaking during an exercise in Wasarde Birgima community, Joda Ward, Gabasawa Local Government Area, Abba Hussaini, focal person for Under-One Birth registration, described the turnout as “highly encouraging.

“Over 626 children were registered in the community alone, adding that the target for the area is 1,100 and 12,000 for the entire local government,” he explained.

Hussaini commended UNICEF for technical support, training of personnel, and provision of registration equipment, and highlighted the role of traditional and religious leaders in mobilizing families.

Also speaking, Bashir Aminu Dambazau of NPC said the digital system has simplified registration by enabling instant issuance of birth certificates, improving data management, and ensuring children are documented immediately.

He explained that the digital registration system is helping to improve documentation and data management while ensuring that children receive certificates immediately after registration.

Hussaina Ahmad, 20, who brought her eight-month-old daughter, Aisha, after missing the previous exercise in September 2025, said that she was only two weeks into motherhood then.

According to Hussaina, her husband, a commercial motorcycle operator, learned about the exercise from the village head and informed her.

“I don’t know my own birth date and I want my children to have an identity from the start.” She said

She explained that the registration was essential for school enrollment and other future benefits.

“I didn’t attend school, and neither did my parents, but I want my child to go to school and become influential in the community. Every child deserves this,” she added.

Hussaina noted that she would return to her community to educate other parents about the importance of early registration, praising the organisations bringing the service closer to families.

Similarly, 19-year-old Kaltume Ali of Unguwar Tsakiya brought her four-month-old son, Musa, said community awareness campaigns helped her realise that children without birth certificates often face barriers to healthcare, education, social protection, and other opportunities.

“My husband first heard about the registration from the village head and encouraged me to enrol our child. Neither of us has a national identity card, but we were told we could use his brother’s NIMC card. I don’t want my only son to miss out on opportunities,” she said.

Also participating was 20-year-old Asmau Sagir of Unguwar Yamma, who brought her seven-month-old son, Abdulrahman , said birth registration to safeguard children’s identity and future.

Sagir noted that digital registration helps families avoid challenges later, particularly with school enrollment and access to government services.

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