PenCom urges CSOs on accountability

The Director General, National Pension Commission, Omolola Oloworaran has called on Civil Society Organisations (CSOs) to ensure accountability and public trust through leadership with the reform going on in the pension industry under the pension revolution 2.0 agenda.

The DG gave this advice at the 2025 PenCom, Civil Society Conference in Abuja,  with the theme, “Civil Society as a Catalyst in the Pension Revolution 2.0,” stating that the civil society is a critical partner in expanding pension coverage and safeguarding the integrity of the Contributory Pension Scheme (CPS).

She said: “The reform agenda was deliberately designed to deliver measurable impact, rebuild confidence in the pension system, and ensure retirement security for Nigerians across all sectors of the economy.

“The Pension Revolution 2.0 represents the most comprehensive overhaul of the pension industry since 2004, combining regulatory reforms, stronger supervision, digital transformation, and governance improvements to future-proof the system.”

Oloworaran spoke on the Presidential approval and disbursement of 758billion to clear outstanding pension liabilities as one of the most significant milestones recorded in the past year, this intervention she said sent a strong signal that the Federal Government is committed to honouring its obligations to workers and retirees.

She explained the long-standing pension increase backlogs for treasury-funded retirees, some dating back to 2007 which have been fully settled, while zero waiting time for the payment of accrued pension rights was restored from July 2025. These represent dignity for retirees, their access to healthcare and their peace of mind after years of service.