The National Pension Commission, PENCOM, says, the compliance rate in Pension industry is expanding as it records sizable pension recovery.
At a Media engagement in Lagos, the Director General of PENCOM, Omolola Aroworaran, while presenting the Agency’s score card said the year has been defined by bold decisions, structural reforms, and measurable impact.
She revealed that from January to November 2025, total pension recoveries reached ₦4.04 billion, compared to ₦1.44 billion for the whole of 2024.
This represents an increase of over 180 percent. Most notably, ₦2.06 billion was recovered in the third quarter of 2025 alone, almost 150 per cent of total recoveries recorded in the entire year 2024.
She added that a similar shift was evident in compliance behaviour.
Prior to the third quarter, Pension Clearance Certificates were issued at a modest quarterly average of about ₦150 billion.
Following the circular, the third quarter recorded issuances of about ₦233 billion, far exceeding the average of preceding quarters.
She stated that the media engagement is therefore not a celebration alone but a review, a reckoning, and a recommitment, adding that the reforms were built on dialogue, data, and discipline, not isolation.
The DG, said that in the next phase of the Pension Revolution, the Commission’s focus would remain clear which includes expanding coverage, deepen trust, improve investment outcomes, strengthen supervision, and protect retirees as retirement security is not a privilege but a right, vowing that PenCom will defend it firmly and fairly.
She recalled that the Commission formally launched Pension Revolution 2.0, the most comprehensive reform agenda in the Nigerian pension industry since
2004.
The DG emphasised that one of the most historic milestones of the year was the Presidential approval and disbursement of ₦758 billion Naira to settle outstanding pension liabilities.
She said that the unprecedented intervention sent a clear and powerful signal that Nigeria honours its promises to its workers and retirees.
According to hercthe Commission also cleared long-standing pension increase backlogs for Federal Government treasury-funded retirees, some dating as far back as 2007, adding that zero waiting time for the payment of accrued pension rights was restored with effect from July 2025.
Mrs Awororaran, said retirees now receive their benefits when due, not months or years later.
Reporting by Abimbola Oyetunde