Ahmed advocates transparency in pension administration

[Mirror]

Kwara State governor, Dr Abdulfatah Ahmed, has called on pension administrators in the country, to inculcate transparency in their operations in order to sustain public confidence in pension funds. Governor Ahmed who made the call during the official opening of the North-Central zonal office of the National Pension Commission in Ilorin, the Kwara State capital, noted that like most investment products, pension schemes need to retain the trust of the investing public saying, "In doing this, we will not only ensure a positive public perception of the scheme but also attract more profitable investment in pension instruments," Governor Ahmed said.

Governor Ahmed also disclosed that the contributory pension scheme will be introduced in Kwara State as soon as the state's legislature passed the draft bill on the scheme. He also commended the contributory pension's scheme for generating a whopping N3.2 trillion in nine years of existence in the country.

The governor also said that the launch of the North Central zonal office of the scheme would make the geo-political zone key into the contributory scheme in no time. In her address at the event, Acting Director General of National Pension Commission, Chinelo Anohu-Amazu, said the establishment of zonal offices in all the six geo-political zones of the country was designed to bring the commission's activities closer to the contributors and retirees.

National Mirror

[Folami David]

Transperency is always an important factor when it comes to things we do around here in Nigeria. It always make things flow better...