2022 Lagos International Trade Fair: PenCom Sensitises Traders on Micro Pension Plan

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The just concluded 2022 Lagos International Trade Fair organised by the Lagos Chamber of Commerce and Industry (LCCI), which held from 4 – 13 November, 2022, was an avenue for the National Pension Commission (PenCom) to reach out to the general public, especially those in the informal sector comprising Small and Medium Scale Enterprises (SMEs), the private sector and self-employed persons on the benefits of the Micro Pension Plan (MPP).

The MPP refers to an arrangement under the Contributory Pension Scheme (CPS) that allows the self-employed and persons working in organisations with less than three (3) employees to make financial contributions towards the provision of pension at their retirement or incapacitation.

The Commission showcased the benefits of the MPP as its strategy for expanding pension coverage to the informal sector by educating, enlightening and sensitizing the public on the MPP.

The fair which was the 36th edition, lasted for ten days and was…



Source: Thisday Newspaper