Strengthening Trust and Confidence in the Pension Sector through Effective Governance | Panel 2
BusinessDay Pension Conference 2026
Theme: Sustaining Confidence and Growth: Pensions Reforms and Capitalisation in Nigeria
This panel discussion from the BusinessDay Pension Conference 2026, titled “Strengthening Trust and Confidence in the Pension Sector through Effective Governance,” brings together industry leaders to explore strategies for sustaining growth and building public confidence in Nigeria’s pension sector.
Video Highlights & Timestamps:
Introduction to Governance Frameworks: (0:09) The panel begins by discussing the governance and accountability mechanisms essential for the industry, emphasizing the role of the Pension Reform Act and the separation of duties between Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs).
Building Trust through Transparency: (5:44) Experts discuss how independent oversight and robust internal controls—including audits, risk management, and compliance cultures—are foundational to maintaining contributor trust.
Inclusive Growth & The Informal Sector: (8:36) The panelists address the challenge of reaching the 80% informal workforce in Nigeria, advocating for intentional sensitization, community-led education, and simplified onboarding processes.
Technology Adoption for Operational Efficiency: (16:41) A deep dive into how digital transformation, including mobile apps and automated reporting, is being used to streamline contributions, improve service delivery, and enhance transparency for retirees.
Data-Driven Decision Making: (43:46) The discussion shifts to the importance of using data and technology to manage risks, monitor investments, and foster confidence in the pension system’s long-term sustainability.
Addressing Public Concerns: (51:30) The panel answers audience questions regarding public perception, the history of the Defined Benefit Scheme (DBS) versus the Contributory Pension Scheme (CPS), and how to effectively bridge the awareness gap.
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