CPS: Nigerian govt inaugurates PenCom Board to protect N28 trillion asset

The Federal Government has inaugurated the Governing Board of the National Pension Commission (PenCom).
Speaking astatine the inauguration ceremonial successful Abuja connected Monday, 23 March 2026, Secretary to the Government of the Federation (SGF), Senator George Akume, charged to uphold the highest standards of firm governance and safeguard implicit ₦28 trillion successful pension assets nether the Contributory Pension Scheme (CPS).

He noted that PenCom remains a captious pillar of Nigeria’s fiscal sector, entrusted with the status savings of millions of Nigerians. He said the lawsuit demonstrates the government’s committedness to a pension strategy that is transparent, resilient, and trusted.

The SGF described the Board’s relation arsenic 1 of “national importance,” arsenic members are expected to supply strategical direction, argumentation guidance, and effectual oversight successful enactment with the Pension Reform Act 2014 (PRA) and different applicable frameworks.

He urged members that portion the Board is liable for oversight, absorption indispensable beryllium allowed to grip day-to-day operations.

According to him, immoderate interference successful operational matters would weaken accountability and undermine organization effectiveness.

On the standard of respon...