FCMB Pensions Limited has paid out more than N200 billion in retirement benefits to retirees and other beneficiaries since it began operations, its Managing Director and Chief Executive Officer, Christopher Bajowa, has disclosed.

Bajowa made this known in Abuja during a sensitisation walk organised as part of activities marking the 20th anniversary of Pension Fund Administration (PFA) in Nigeria. He noted that while the milestone is significant, the company remains committed to doing more for its customers.

According to him, FCMB Pensions is intensifying efforts to deploy digital technologies to enhance service delivery, improve speed and efficiency, and deepen customer engagement. He added that the company is also positioning itself to leverage opportunities in the Micro Pension scheme, which is currently a major focus of the National Pension Commission (PenCom).

“As you know, micro pension is a priority area for the regulator, and it presents a huge opportunity to drive inclusion in the pension industry. This is why we are taking our sensitisation directly to marketplaces where micro and small businesses operate, to educate them and encourage their participation in the pension scheme,” he said.

Bajowa further stated that despite challenges such as low retiree payouts and rising inflation, pension assets under the Contributory Pension Scheme (CPS) have grown to over N26 trillion, underscoring the resilience of the system.

He explained that the sensitisation walk, which commenced at the FCMB Pensions office in Abuja’s Central Business District and concluded at Wuse Market, was aimed at ensuring no segment of society is excluded from pension coverage. He assured customers that FCMB Pensions remains accessible through digital platforms, physical offices and other service channels.