Nigeria To Host The First Ever World Pension Summit In Africa
Onyeka Ibeanusi | Monday, 19 May 2014 | 828 Total Views
Nigeria will host the first ever World Pension Summit to be held in Africa in July.
The World Pension Summit 'Africa Special' will bring together leading key players from Africa's pension industries, as well as key figures from across politics, business and finance to exchange expertise and increase international cooperation on the continent.
The Abuja event will also mark the 10th anniversary of the enactment of the Pension Reform Act 2004 and the formation of the National Pension Commission (PenCom) as the regulator for prnsion matters.
Chinelo Anohu-Amazu, Acting Director General of PenCom said, "We are delighted to bring the World Pension Summit to Africa. A number of African nations are experiencing strong economic growth supported by the rising investment in natural resources and robust private consumption. As a result, the role of the pensions industry in providing a stable consumer savings vehicle for Africa's growing middle classes and the investment of capital from its pension funds, is of increasing significance."
"The Summit will be an opportunity for the continent's pension professionals to share blueprints and practices with the aim of further developing Africa's pension market over the next decade."
Eric Eggink, Founder and Chairman of the World Pension Summit said, " Africa's growth story, particularly Nigeria as its largest economy, has been well documented. But with such growth comes a responsibility, expectation and opportunity to leverage capital growth using pension funds as an instrument for further economic and social development.
"The Summit represents a strong commitment to ensure sufficient pension provision across the continent so that African workers reap the benefits of their countries' successes with a future that is safeguarded in retirement."
The World Pension Summit will be held annually on the continent.