…explore pension-linked financing for modern mass transit vehicles
The National Pension Commission (PenCom) has commenced discussions with the National Union of Road Transport Workers (NURTW) on an initiative aimed at bringing an estimated nine million transport workers into the Personal Pension Plan (PPP) under Nigeria’s Contributory Pension Scheme (CPS).
The proposed partnership was unveiled during a courtesy visit by Alhaji Musiliu Akinsanya, the National President of NURTW, popularly known as MC Oluomo, to Omolola Oloworaran, director-general of PenCom, at the Commission’s headquarters in Abuja.
According to a statement signed by the commission on Wednesday, the meeting, which was attended by senior officials from both organisations, focused on expanding pension coverage for transport workers in the informal sector and exploring innovative financing mechanisms to support the acquisition of modern mass-transit vehicles across the country.
Speaking during the engagement, Akinsanya said the union’s extensive nationwide structure and estimated membership of nine million
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