Leadway Pensure PFA Limited, a top Nigerian pension administrator, projects that the Personal Pension Plan (PPP) will transform retirement planning for small business owners and informal workers, directly addressing old-age poverty in a nation where informal employment hit 92.7% in Q1 2024 per National Bureau of Statistics data up from 92.3% in Q3 2023.
This initiative targets millions powering Nigeria’s micro-enterprise economy outside formal pensions. PenCom’s unaudited December 2025 figures show ₦27.451 trillion in pension assets and over 11 million RSA members, yet PPP participation reveals gaps: over 200,000 registered by Q3 2025, but only 7.6% funded that quarter.
MD/CEO Olusakin Labeodan stressed PPP’s flexibility for irregular incomes: “Small businesses form Nigeria’s economic backbone, yet many lack disciplined retirement security. PPP matches contributions to cash realities, monthly, quarterly, or lump sums, helping entrepreneurs build stability alongside their ventures.”
Leadway Pensure launches a major awareness campaign featuring digital tracking, community engagement, simplified onboarding, and advisory support. Labeodan emphasized converting awareness to action: “We’ll meet informal workers where they are, making pension planning practical through targeted education.”
The PFA urges self-employed Nigerians and small business owners to enroll via digital channels or agents, positioning PPP as a pathway to retirement dignity amid economic informality.