{
  "id": 12437029,
  "title": "PenCom widens pension net to diaspora, self-employed Nigerians",
  "url": "https://urgent.news/2026/10/06/pencom-widens-pension-net-to-diaspora-self-employed-nigerians",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T18:20:18.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/pencom-widens-pension-net-to-diaspora-self-employed-nigerians/"
  },
  "original_language": "en",
  "account": "The National Pension Commission (PenCom) is expanding its contributory pension scheme to include Nigerians living abroad, self-employed individuals, and those working in the informal sector as part of its Pension 2.0 reforms. PenCom Director-General Omolola Oloworaran announced this during the commission's 2026 Customer Service Week seminar. Oloworaran highlighted the reforms' focus on innovation, inclusion, and integrity, emphasizing that they aim to improve access to retirement savings. She revealed that under Pension 2.0, the Commission has introduced guidelines for the administration of retirement savings accounts in foreign currency, enabling Nigerians working abroad to participate in the pension scheme. Additionally, PenCom is seeking to include more self-employed and informal sector workers through a Personal Pension Plan. The commission has also developed a framework for accredited pension agents to market the Personal Pension Plan and issued revised corporate governance guidelines for Licensed Pension Fund Operators. Oloworaran stated that these reforms are expected to promote a more stable, efficient, and competitive pension industry while enhancing services for contributors and retirees.",
  "summary": "The National Pension Commission has expanded its Contributory Pension Scheme to include Nigerians in the diaspora, self-employed persons, and informal work Read More: https://punchng.com/pencom-widens-pension-net-to-diaspora-self-employed-nigerians/",
  "key_points": [
    "PenCom extends pension scheme to Nigerians abroad and self-employed",
    "Guidelines for foreign currency retirement savings introduced",
    "Personal Pension Plan aims to cover informal sector workers"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch Nigeria",
        "title": "PenCom widens pension net to diaspora, self-employed Nigerians",
        "url": "https://urgent.news/2026/10/06/pencom-widens-pension-net-to-diaspora-self-employed-nigerians-12437513",
        "published": "2026-10-06T18:22:38.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}