MICROPENSIONS: ENGAGING THE INFORMAL SECTOR
MARCH 20 – 21
Retirement Benefits Advisory
The International Monetary Fund (IMF) statistics estimates that the Nigerian informal sector contributes about 60% to its GDP; this constitutes a significant percentage and thus, draws attention to the magnitude of revenue that can be generated from this sector through fund contributions and investments.
A significant percentage of the informal sector in Nigeria is unstructured, leaving this lot neglected in terms of providing income replacement at retirement and old age income. Thus the introduction of the Micro Pension Scheme to increase pension coverage and financial inclusion in Nigeria.
This course focuses on the analysis of the informal sector – its structure, size and impact on the Economy; strategies that can be adopted for incorporating them into the Micro Pension scheme and methods that can be used in disseminating information about the Scheme and its benefits to the sector.
Participants will also be exposed to global trends in Micro Pension, various tools for managing possible implementation challenges and ways of leveraging Micro Pension to gain competitive advantage.
The objectives of this course are:
- To understand the structure, size and impact of the Nigerian Informal Sector to the economy
- To analyze the concept of Micro Pension and explore global trends
- To explore various strategies that can be adopted for effective engagement of the informal sector in Nigeria
- To explore lessons learnt from global trends to address possible Micro Pension implementation challenges in Nigeria
- To explore strategies that could be harnessed by Pension Fund Administrators to gain competitive advantage
For Enquiries please visit RBA