The launch of a new pension plan, which caters to self-employed Nigerians, took place on Thursday, March 28, 2019, at the State House Conference Centre, Abuja.
President Buhari said that the pension program was conceived for the informal sector, in order to extend coverage to everyone else not captured in the existing national pension scheme.
The President supervised the registration of a Keke NAPEP operator, Sagir Shawai, who resides in Karu Village in the Federeal Capital Territory, to kickstart the launching.
The President also made an appeal to all trade associations, workers unions, and non-governmental organisations (NGOs) in the informal sector, to enlighten their members on the importance of the pension program, and encourage them to register for the program.
In his words, the President said “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,”