Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Content Partners

FCMB Pensions Ltd partners Awabah Nigeria to promote Micro Pension Plan (MPP)

NM Partners by NM Partners
July 6, 2022
in Content Partners
FCMB Pensions Ltd partners Awabah Nigeria to promote Micro Pension Plan (MPP)

L-R: Tunji Andrews Co-founder and CEO Awabah and Christopher Babatunde Bajowa Managing Director & CEO FCMB Pensions Ltd

Share on FacebookShare on TwitterShare on Linkedin

Section 2(3) of the Pension Reform Act, 2014 (PRA 2014) provides that employees of organizations with less than three employees as well as self-employed persons shall be entitled to participate in the Contributory Pension Scheme in accordance with Guidelines issued by the National Pensions Commission.

The Micro Pension Plan (MPP) is voluntary and solely funded by the contributor who must not be below 18 years of age with legitimate source of income as contained under Section 2 (3) of the PRA 2014.

According to the Nigeria Bureau of Statistics (NBS), about 80% of Nigerian workers operate in the informal sector contributing about 48% of the national GDP.

RelatedPosts

PenCom says 72,000 participants registered for Micro Pension Plan

Micro Pension Scheme: Our goal is to register 5 million customers in 5 years – Tunji Andrews, Awabah co-founder

Consequently, to accelerate the drive in attracting informal sector workers to the Micro Pension Plan, FCMB Pensions is partnering with Awabah Nigeria. Awabah is Nigeria’s first digital micro pension platform. Awabah focuses on influencing the participation of Associations and Unions to grow Micro Pension Retirement Savings Accounts (RSAs) by providing support, guidance, adequate information, and also provide ease of registration of customers.

FCMB Pensions Limited is a member of FCMB Group Plc licensed by the National Pension Commission (PenCom) to carry on business as a Pension Fund Administrator (PFA) as defined under the PRA 2014. FCMB Pensions has registered over 700,000 Retirement Savings Accounts in the Private and Public sectors of the economy. Also, FCMB Pensions manages RSAs for workers in the informal sector under the Micro Pension Plan (MPP).

FG to use space technology to boost Agriculture- NASRDA

Open a Micro Pension Account Today with FCMB Pensions and enjoy the following Benefits;

  • A secured future through steady income at retirement
  • Financial independence and elimination of poverty at old age.
  • Flexible contribution remittances;. contributions can be made daily, weekly or monthly as convenient and in Nigerian currency
  • The Micro Pension contributor shall be eligible to withdraw up to 40% portion of his/her balance 3 months after making the initial contributions.
  • Safety of contributions (funds managed by licensed Professionals such as FCMB Pensions).

Take charge of your retirement and avoid old age poverty today; Open your Micro Pension Plan Account with FCMB Pensions as we partner with Awabah to provide the best of customer services ranging from prompt processing and notification on remittances and withdrawals, real-time access to Retirement Savings Account details, on time prompt Benefits payments, collection of contributions, adequate security of contributions and attractive returns on investment.

News continues after this ad


“The creation of the Micro Pension Plan means that informal workers who make the bulk of Nigeria’s working population will finally have a chance to access regular income upon retirement. At Awabah, we are committed to extending the reach of this plan so no worker is left behind and we’re thrilled to have an organization as grounded as FCMB Pensions partner with us to make this happen“.- Tunji Andrews, Co-founder/CEO Awabah.

“Education is as important as access when trying to drive Micro Pension adoption across the country. As such, we have planned several initiatives alongside FCMB Pensions to ensure that informal workers understand the importance of actively saving for retirement. We look forward to implementing these schemes with FCMB Pensions, and we are positive that this partnership will lead to wider acceptance by workers.” – Yemisi Obitayo, Head of Business, Awabah.

For registration or enquiries regarding the Micro Pension Plan, do not hesitate to contact Awabah on 08064068856, 08025362316 or hello@awabahng.com. You can also contact FCMB Pensions on: 07080633004, 08059580002 and 08032752888 or info@fcmbpensions.com Live Chat: www.fcmbpensions.com

Related

Tags: Awabah NigeriaFCMB Pensions LtdMicro Pension PlanMPP

Comments 1

  1. Godwin nwajei says:
    July 6, 2022 at 9:03 am

    Nice one that will go along way

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • US ban: Crypto API platforms, Infura and Alchemy block access to Tornado Cash
    • How to check 2022 WAEC result using SMS, online portal or serial number
    • Mark Zuckerberg says WhatsApp users can now exit groups unnoticed with new privacy features

    Follow us on social media:

    Recent News

    Crypto-mixing service, Tornado Cash, blacklisted in the United States 

    US ban: Crypto API platforms, Infura and Alchemy block access to Tornado Cash

    August 9, 2022
    WASSCE 2020 records 65.24% credit pass in 5 subjects, including Mathematics and English

    How to check 2022 WAEC result using SMS, online portal or serial number

    August 9, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com