The Nigerian Senate on Thursday, November 21, 2024, confirmed the appointment of Omolola Oloworaran as the director general of the National Pension Commission (PenCom).
A statement issued by the Head of PenCom’s Corporate Communications, Ibrahim Buwai said that the confirmation follows the consideration and adoption of the report of the Senate Committee on Establishment and Public Service at plenary.
According to him, Omolola is poised to explore new frontiers in the implementation of the Contributory Pension Scheme (CPS) by sustaining pension assets on the growth trajectory.
Mr Buwai said that the aim was to ensure increased CPS membership and support coverage expansion initiatives.
He said that the DG was committed to the expeditious payment of retirement benefits while deepening the pension investment horizon for enhanced returns to contributors and retirees.
Mr Buwai said that the priority of her leadership at PenCom was to renew impetus on improved collaboration in the pension industry.
He said that she had more than 20 years of experience in the financial services industry, adding that she was also a strong advocate of innovation and process reengineering.
Mrs Oloworaranwas appointed in July in an acting capacity pending confirmation by the senate as required by the Pension Reform Act 2014.
