LAGOS, Nigeria – September 16, 2025
The Personal Pension Plan (PPP), formerly known as the Micro Pension Plan (MPP), has recorded a remarkable ninefold growth over the past four years, highlighting its increasing significance in Nigeria’s pension sector.
According to the Pension Fund Operators Association of Nigeria (PenOp), contributions to the scheme rose from ₦168.63 million in June 2021 to ₦1.46 billion by June 2025. PenOp Chief Executive Officer, Oguche Agudah, said the growth reflects the PPP’s expanding role in promoting financial inclusion, particularly among young Nigerians and informal sector workers.
The plan, which has been rebranded to enhance its appeal, leverages technology-driven contributions to reach a broader demographic, emphasizing its importance in Nigeria’s broader financial strategy.
