President Muhammadu Buhari will tomorrow launch the Micro Pension Scheme in Abuja.

President Muhammadu Buhari will tomorrow launch the Micro Pension Scheme in Abuja.

The Micro Pension plan, which is an initiative of the National Pension Commission (PenCom) is aimed at the provision of pension services to self-employed persons in the informal sector and employees of organisations with less than three staff.

PenCom, the regulatory institute for pension sector said the micro pension launch is part of the initiative to bring financial inclusion to all working Nigerians.

It noted that the informal sector constitutes an estimated 69 million work force in the country and represents an estimated 88 per cent of Nigerian workers that lack pensions and safety nets for their old age.

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