Retirement Savings Account (RSA) holders don reach 10,928,039 for September 2025, according to new report wey PenCom release. The number rise from 10,882,661 wey dem record for August, show say more Nigerians dey join the Contributory Pension Scheme (CPS).
Even with the small increase, pension coverage still low compared to Nigeria big workforce wey near 70 million. E mean say not up to 16% of workers dey inside the pension system.
Pension experts dey talk say the wahala to bring informal-sector people — like traders, artisans and small business workers — still dey strong.
One Lagos pension analyst, Ladi Balogun, yarn say Micro Pension Plan still never gather enough force.
Another expert, Aisha Sule of TrustPension Ltd, talk say dem need mobile apps, digital systems and trust-building to reach more Nigerians.
PenCom DG, Omolola Oloworaran, assure say dem go continue to enforce employer compliance and push voluntary contributions.
She talk say success of CPS depend on reaching all workers for states, LGAs and the informal sector.
