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Eric Fajemisin,Chief Executive of Stanbic IBTC Pension Managers

Micro pension will create next phase of growth — Stanbic IBTC Pension boss

The proposed micro pension scheme is one initiative with great potential capable of landing the industry into its next phase of growth. Regardless of the inherent challenges, the micro pension scheme has the capability to deepen asset accumulation in Nigeria considering that 70 percent of Nigeria’s working population operates in the informal sector.  Among its other benefits include improved standard of living for the elderly, safety of funds and access to other incentives, such as mortgage facilities, health insurance and estate planning.

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