Business Nigeria pension assets to triple in next 3 years-regulator - Reuters

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LAGOS, Nov 27 (Reuters) - Nigeria's pension industry is expected to triple its assets over the next three years to $70 billion, as the government targets small businesses to try to get more people into pension schemes, the industry regulator said on Wednesday.

Umaru Farouk Aminu, head of research at the National Pension Commission, said the commission was looking at how to attract more employees of small enterprises on to schemes.

He said 50 million people were employed in small businesses with up to four employees -- everything from barber's shops to small accountancy firms.

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Source: Reuters
 
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