FG Urged to Encourage Job Creation to Boost Pension Contribution

The federal government has been advised to continually implement policies that will encourage more job creation so that more people will enter the pension scheme.

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Similarly, pension industry operators have been advised to develop appropriate technology to capture the unserved segments of the market.

Analysts at FSDH Merchant Bank stated this in their latest report titled: “Low Level of Pension Penetration in Nigeria.”

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Pension penetration can be measured by the ratio of the number of registered workers on the Retirement Savings Account (RSA) to the working population or the ratio of pension assets to the Gross Domestic Product (GDP).

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