Tony Elumelu is throwing his weight behind Nigeria's new N52,500 pension floor, and he has words of praise for the industry effort making it possible.
The business leader singled out PenCare, the pension industry's retiree healthcare initiative, for special recognition. In his words, it is "a powerful demonstration of what responsible institutions can achieve when they put people first."
That kind of endorsement from one of Africa's most prominent financiers puts a spotlight on what the pension sector is quietly building for Nigeria's retirees. Whether the momentum holds is the question worth watching.
Originally published by Premium Times.