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Micro pension sector, open for maximum opportunities

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Managing Director of IEI Anchor Pensions, Mr. Glory Etaduovie, has said that micro pension sector still remains largely untapped as persons in the sector constitute no less than 60 percent of Nigeria’s population.

Mr. Glory Etaduovie, stated his while highlighting the benefits of micro pension to Nigerians and the economy

He urged Pension Fund Administrators, PFAs to put internal structures in place to grow the micro pension sector. According to him, the structures would include closely monitoring the regulator’s ‘dance’ steps and domiciling same in such  companies, staffing  as well as a robust Information Communication Technology, ICT network enhancement.

Glory Etaduovie said that micro pension is now a precious tool in bridging the deficit in financial inclusion and its ripple effects which, according to him, include zero plans for old age and retirement, in the unstructured business circles.

 According to him, Financial inclusion introduces the so-called underprivileged or low income segment to the opportunities and exposures that financial world offers.

He noted that a lot of people are not aware of the opportunities available in the financial sector offers to enhance their present and future lives.

The Manager also stressed that exposure to the knowledge and benefits of pension plans places individuals into a community of people who can tap into other benefits accrue-able to cluster bodies as well as provide individual small businesses access to comprehensive financial services available to all.

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