PenCom Mobilises $250m For Infrastructure, Targets 85m Informal Workers

BY BUKOLA ARO-LAMBO and OLUSHOLA BELLO, Lagos
The National Pension Commission (PenCom) has mobilised a $250 million commitment for infrastructure investment, with pension fund operators providing $200 million and development finance institutions expected to contribute another $50 million.
The commission also disclosed plans to bring about 85 million Nigerians in the informal sector into the pension system by simplifying registration requirements for workers in the sector to just a phone number and a National Identification Number (NIN).
Director-General of PenCom, Omolola Oloworaran, disclosed this yesterday at the 2026 PenCom Media Conference in Lagos, saying the first tranche of ...