Buhari launches pension scheme for informal sector

Reading Time: < 1 minute

President Muhammadu Buhari on Thursday, launched the Micro Pension scheme; a pension plan for the Micro-enterprises, which makes up the bulk of Nigeria’s labour force.

The launch took place at the State House Conference Centre, Abuja.

Mr Buhari launched the programme by supervising the registration of a Keke NAPEP operator, Sagir Shawai, a resident of Karu village of the Federal Capital Territory.

The president said the programme was conceived for Nigerians in the informal sector of the country.

He appealed to trade associations, workers unions and non-governmental organisations (NGOs) in the informal sector to join hands with the government in enlightening their members on the importance of the scheme.
“This initiative will capture those that are not fully captured in the existing pension scheme.

In the past three years, we have provided loans to farmers and others in the informal sector. The micro pension plan is the next step,” he said.

“Today in Abuja I formally launched Nigeria’s Micro Pension Plan. I had the honour of overseeing the registration of Mr. Sagir Shawai,a Motor Tricycle operator. The Plan was designed for self-employed people like Sagir; we are determined to build a Nigeria that works for everyone,” Buhari said in a statement available to Today’s Echo.

Leave a Reply

%d bloggers like this: