The National Pension Commission (PenCom) has recovered ₦1.58 billion from defaulting employers through intensified enforcement efforts, even as assets top N23 Trillion.
The Director General of PenCom, Ms Omolola Oloworaran, disclosed this during the First Run 2025 Consultative Forum for States and the FCT, held in Kano.
She also announced that total pension assets under management had exceeded ₦23 trillion as of February.
Despite this progress, only 25 states and the FCT have enacted laws to implement the Contributory Pension Scheme (CPS). Six states operate hybrid schemes, and another six have bills at advanced legislative stages.
To bridge the gap, PenCom has introduced a flexible adoption model allowing phased implementation, especially for new employees or those with under 10 years of service.
Oloworaran reaffirmed the commission’s commitment to full state adoption of the CPS, stressing the need for sustained dialogue, political will, and technical support.
Kano State’s Head of Service, Alhaji Abdullahi Musa, praised PenCom’s leadership and said the state had paid ₦16 billion in backlogs under a hybrid pension model.
