The National Pension Commission (PenCom) and the National Union of Road Transport Workers (NURTW) discuss a partnership to bring an estimated nine million transport workers into Nigeria’s pension system. The plans centre on enrolling workers into the Personal Pension Plan (PPP) under the Contributory Pension Scheme (CPS), expanding pension coverage for workers in the transport sector.
According to reports, PenCom and NURTW hold meetings involving senior officials to outline how the partnership will work and to explore financing models that could support broader transport-sector needs, including the acquisition of modern mass-transit vehicles across Nigeria. The discussions are also presented as a way to improve financial inclusion for workers in the informal sector.
Both outlets describe the initiative as an effort to increase pension enrolment by using the NURTW’s structure to reach transport workers who are not currently covered. The reports do not specify a timetable for implementation or the exact contribution arrangements, but they indicate that PenCom has begun engagement with NURTW to develop the collaboration.
