Pension Industry Is Committed To Achieving $1Trillion Economy By 2030- PenCom

BY NKECHI NAECHE- ESEZOBOR–The Acting Director-General, the National Pension Commission (PenCom), Omolola Oloworaran, has said that the pension industry is committed to the achievement of the Federal Government’s one trillion dollar economy by the year 2030.

She disclosed this at the just concluded 2024 National Conference of the Nigerian Association of Insurance and Pension Editors (NAIPE) with the theme “Towards A $1 Trillion Economy: Roles of Insurance And Pension Sectors,” held in Lagos, recently.

Oloworaran who was represented by by Akinsola Adeseun, Zonal Head, South-West Zonal Office, called on both sectors to take actionable steps that will ensure sustainable development and long-term success towards the achievement of one trillion dollar economy target of the government.

She also highlighted the critical roles insurance and pension sectors play in the growth of every economy.

“The insurance and pension sectors are indeed veritable cornerstones in building a strong and resilient economy. Together, they provide financial security and stability for individuals, businesses, and the nation at large.

“Our collective goal of advancing towards a $1 trillion economy is not a mere aspiration but a shared responsibility. This conference serves as a vital platform to exchange insights, ideas, and strategies that will propel us toward achieving this ambitious target.

“As we delve into discussions, let us be encouraged to not only envision a prosperous future but to also take actionable steps that will ensure sustainable development and long-term success. Together, let us strive to create an environment where the insurance and pension sectors can thrive, ultimately benefiting every Nigerian”.