Leadway Pensure PFA Limited, a licensed pension fund administrators, says Nigeria’s Personal Pension Plan (PPP) will reshape small business owners’ retirement savings, making them more flexible and accessible and ultimately reducing the risk of old-age poverty.
The company maintains that the initiative plays a critical role in Nigerian economic development, given that informal employment remains extremely high.
The country’s informal employment rate reached 92.7 percent in the first quarter of 2024, rising from 92.3 percent in the third quarter of 2023, according to the National Bureau of Statistics (NBS) Labour Force Survey. Tens of millions of economically active Nigerians operate outside employer-led pension arrangements even as they power the country’s commerce and micro-enterprise economy.
At the same time, the pension ecosystem continues to expand in scale.
PenCom’s unaudited industry portfolio for December 31, 2025, records total pension fund assets at ₦27.451 trillion and counts over 11 million RSA members. These figures underscore the size of the formal pension system and highlight the opportunity to extend participation further through PPP.
Leadway Pensure PFA sees significant growth potential for PPP, along with a notable participation gap. PenCom’s Q3 2025 report reveals that, as of September 30, 2025, over 200,000 workers had registered PPP accounts, but only 7.6% funded during the quarter.
Commenting, Olusakin Labeodan, MD/CEO, Leadway Pensure PFA, said, “Small businesses are Nigeria’s economic backbone, yet many owners lack disciplined retirement security. The Personal Pension Plan allows flexible contributions that match income realities, helping entrepreneurs secure their future as they build their businesses. With strong participation, PPP can help move more Nigerians toward stability and deserved dignity in retirement.”
He added that driving adoption will require sustained education and simpler onboarding. “Our focus is to convert awareness into consistent contributions by meeting informal workers where they are and through digital access, targeted community engagement, and guidance that makes pension planning feel practical, not distant.”
Leadway Pensure PFA said its renewed PPP awareness drive will focus on helping informal sector participants understand how to enroll for PPP, make contributions that suit their cash flow, whether monthly, quarterly, or as lump sums, track savings growth through digital channels, and access advisory support to maximise retirement planning benefits. Leadway Pensure invites self-employed Nigerians and small business owners to take advantage of the Personal Pension Plan today to secure their future.

Leadway Group, Nigeria’s non-banking financial services group, has unveiled Lead Forward, a strategic initiative for members of the National Youth Service Corps (NYSC) aimed at deepening financial literacy and building awareness around wealth creation. 

Recognising the pivotal transition NYSC represents, Lead Forward which is driven by Leadway Pensure PFA, the Group’s pension administration arm, is designed to equip corps members with foundational financial knowledge, deep insights, and practical tools for long-term financial planning.
The initiative brings the conversation of a well-planned life before and after retirement directly to NYSC orientation camps, making pension education accessible, relatable, and timely for young Nigerians at a pivotal life stage. 

The inaugural phase kicked off in Lagos, setting the foundation for a nationwide rollout across NYSC camps in all geo-political zones.
The goal of the initiative is to spark early, informed conversations about pensions and empower young Nigerians to take control of their financial futures. 

Speaking on the impact of the initiative, Olusakin Labeodan, Managing Director, Leadway Pensure PFA, noted that pension conversations must begin before the first salary alert. “At the NYSC stage, most young people are trying to figure out what is next; where to work, how to survive, what the future holds. Pensions may feel distant, but now is the right time to get educated. Through Lead Forward, we’re making the subject of pensions more relatable and ultimately, more relevant.” 

While Leadway Group has consistently maintained a presence at NYSC camps, particularly in Lagos, the Lead Forward initiative marks a more immersive evolution of its youth engagement efforts across other states. The programme not only educates but also fosters meaningful, ongoing connections with corps members,” he added. 

Leadway has pledged a long-term commitment to help corps members plan and build a better financial future, ensuring they remain informed, supported, and empowered well beyond their service year. 
 
 

The Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Mr. Olusegun Omosehin, paid a working visit to the Director-General of the Bureau of Public Procurement (BPP), Dr. Adebowale Adedokun, today in Abuja.
The visit was to discuss the need for deeper collaboration between NAICOM and BPP, aligning with the Commission’s strategic objective to promote inter-agency partnership.
The Commissioner for Insurance, in his remarks, emphasised the Commission’s commitment to transparency and fairness in its dealings with sister agencies.
He also assured his host that NAICOM, under his leadership, would ensure strict adherence to claims, solvency requirements, and regulatory standards.
Omosehin expressed appreciation to the Director-General of BPP for his continuous support to NAICOM. He affirmed that all insurance matters would be handled strictly in accordance with the laws of the Federal Republic of Nigeria. He also utilised the opportunity to further discuss the implementation of the Nigerian Insurance Industry Reform Act (NIIRA) 2025.
The Director-General of BPP thanked the Commissioner for Insurance for the visit and reiterated his commitment to fostering synergy and collaboration between his agency and NAICOM. He promised to reciprocate the gesture, stating that he and his team would undertake an official visit to NAICOM’s headquarters soon.
The Director-General of BPP also urged all stakeholders to continue strengthening inter-agency cooperation to enhance accountability, promote efficiency, and uphold public trust in the procurement and insurance sectors.