As Nigeria’s pension industry seeks new growth frontiers, technology is emerging as a critical tool for deepening penetration in the largely untapped informal sector. In this report, Adaora Ude, head of Business Development at Access ARM Pensions Limited, shares insights on how digital innovation can drive pension inclusion, expand coverage, and unlock significant growth opportunities across the informal economy. Modestus Anaesoronye reports.
Technology has continued to redefine industries across the world, transforming the way businesses operate, governments provide services, and people access opportunities. In the financial services sector particularly, technology has emerged not only as a driver of efficiency, but also as a powerful tool for inclusion.
This transformation has become increasingly important in the Nigerian Pension industry as operators and regulators actively seek sustainable opportunities to close pension coverage gaps and extend retirement security to millions of underserved people. While significant progress has been made over the years, a large proportion of workers, particularly within the informal sector, remain outside the pension net. Technology presents a unique opportunity to change that reality.
