90% of Nigerians lack formal pension coverage – Report
A new report reveals that about 90% of Nigerian adults lack formal pension coverage, despite an increase in overall financial inclusion to 79% in 2026. Read More: https://punchng.com/90-of-nigerians-lack-formal-pension-coverage-report/
Nigeria's pension coverage increased to 9.1% of the adult population in 2026, leaving around nine out of every ten adults without any formal pension arrangement, according to the latest Access to Financial Services in Nigeria survey. Despite improvements in financial inclusion, pensions remain one of the least-used formal financial products in the country. The National Pension Commission's Director-General, Omolola Oloworaran, emphasized the scale of the retirement security challenge facing Nigeria.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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