Nigeria pension regulator targets universal coverage, seeks EFInA data

Nigeria's National Pension Commission (PenCom) reports pension participation rose from 7.8% in 2023 to 9.1% in 2026, with ~90% of adults still uncovered. PenCom is seeking data from EFInA to drive inclusion, signaling a policy push to expand formal pension coverage. The initiative is at an early stage; implementation details and funding mechanisms remain unclear.