PenCom, NURTW to enroll 9m transport workers in pension scheme

The National Pension Commission (PenCom) and the National Union of Road Transport Workers (NURTW) have begun discussions to enroll approximately nine million transport workers into the Personal Pension Plan (PPP) under the Contributory Pension Scheme. The proposal, unveiled during a visit in Abuja, includes an automated daily contribution system integrated into existing transport revenue platforms and a financing program for modern mass-transit vehicles. NURTW President Musiliu Akinsanya highlighted that the model would improve loan repayment efficiency and encourage long-term savings among informal workers. PenCom Director-General Omolola Oloworaran welcomed the initiative as a bold step to deepen pension coverage.