Nigeria’s National Pension Commission (PenCom) is in talks with the National Union of Road Transport Workers (NURTW) to expand pension coverage for transport workers through the Personal Pension Plan (PPP). Multiple outlets report that the partnership is aimed at bringing an estimated nine million transport workers into the contributory pension system, improving pension enrolment and financial inclusion for workers in the informal sector.
The discussions were described as a move to link transport workers more directly to pension arrangements under Nigeria’s Contributory Pension Scheme (CPS). Reports say officials from both organisations met in Abuja and reviewed options for financing the programme. In addition to pension enrolment, sources indicate the talks also consider potential financing models that could support the acquisition of modern mass-transit vehicles across the country.
While details of implementation are not fully outlined in the reports, the outlets agree that PenCom has initiated engagement with NURTW and that the proposed target population is in the millions, with transport workers expected to be enrolled in the PPP.
