Overview
Nigeria’s Contributory Pension Scheme (CPS), established in 2004, has reshaped the country’s retirement landscape, mobilising long-term capital, deepening financial markets, and supporting national development. However, challenges persist. Key issues requiring urgent attention include the limited coverage of the informal sector, the overconcentration of pension assets in government securities, and unresolved legacy liabilities, which continue to test the system’s inclusiveness and long-term sustainability. In our latest piece, “Reassessing Pension Fund Investments in Nigeria,” we explore the legal foundations, economic impact, and critical reform pathways for Nigeria’s pension system. The analysis highlights that systemic reforms, grounded in governance, diversification, and innovation, are crucial for the CPS to fully fulfil its dual mandate of ensuring retirement security and promoting economic growth. To explore the essential pathways to a more resilient pension system, request an insight.
