The Nigeria Employers’ Consultative Association (NECA) has praised President Bola Tinubu for his sustained interest in the welfare of retirees, describing it as a mark of respect for Nigerians who have dedicated their productive years to building the economy.
NECA’s Director-General, Mr. Adewale-Smatt Oyerinde, in a statement on Sunday in Abuja, said the President’s consistent focus on pension matters signals a strong commitment to social protection and dignity in retirement.
He stressed, however, that sustaining this momentum requires the urgent reconstitution of the Governing Body of the National Pension Commission (PenCom) in full compliance with the Pension Reform Act.
Oyerinde warned that the absence of a fully functional Governing Body undermines effective oversight, policy direction, and corporate governance within PenCom, which manages the life savings of millions of Nigerian workers.
“The pension industry thrives on trust, transparency, and sound governance,” he said, urging that PenCom’s Governing Body be promptly reconstituted to safeguard these principles, uphold the law, and boost public confidence in the pension system.
He added that NECA remains committed to strengthening pension administration in Nigeria, advocating policies that ensure the safety of pension assets, expand coverage, and improve the welfare of all retirees.
“A strong pension industry is not just about retirement benefits; it is about economic stability, social cohesion, and intergenerational fairness,” Oyerinde said.
