PenCom DG Bridget Omolola Oloworaran marks one year in office with pension assets rising from ₦20.79 trillion to ₦26 trillion. Pensioners and financial experts praise her leadership, reforms, and sector-wide impact.
The Director-General of the National Pension Commission (PenCom), Ms. Bridget Omolola Oloworaran
The Nigeria Union of Pensioners, Contributory Pension Scheme Sector (NUPCPS), has applauded the Director-General of the National Pension Commission (PenCom), Ms. Bridget Omolola Oloworaran, as she marks her first anniversary in office—an event that coincides with a major milestone: the growth of pension assets to ₦26 trillion.
Ms. Oloworaran, who assumed office in July 2024 when the country’s pension assets stood at ₦20.79 trillion, has overseen a remarkable expansion of the fund within just one year, reflecting what stakeholders describe as disciplined reforms, strengthened regulatory oversight, and renewed investor confidence in the pension ecosystem.
Union Praises DG’s Leadership and Staff Solidarity
In a congratulatory letter dated 21 November 2025, signed by the National Chairman, Comrade Sylva C. Nwaiwu, NUPCPS praised the DG’s visionary leadership and firm commitment to the welfare of retirees under the Contributory Pension Scheme (CPS).
NUPCPS also commended the emotional celebration held by PenCom staff, who surprised the DG with a warm reception as she resumed work on her one-year anniversary. According to Ibrahim Buwai, Head of Corporate Communications at PenCom, the atmosphere at the headquarters was one of excitement and admiration—an expression the Union described as proof of her exceptional rapport with staff and her impactful leadership style.
Financial Experts Applaud Her Achievements
The DG’s performance has also attracted commendation from financial analysts.
Celestine Ukpong, a respected economist, described the 25% growth in pension assets within one year as “a rare and commendable outcome in a challenging economic environment.”
He noted that the increase signals rising confidence in Nigeria’s pension sector and positions PenCom as a stabilising force amidst fiscal uncertainties.
Similarly, Peter Adebayo, a chartered accountant, praised the DG for entrenching transparency and stronger compliance in pension administration.
According to him, “Growing pension assets to ₦26 trillion in just a year is a reflection of strategic supervision, prudent fund management, and improved collaboration with PFAs. It shows PenCom is on the right trajectory under her leadership.”
Union Reiterates Support for PenCom Reforms
The pensioners’ union expressed gratitude for reforms implemented in the past year, especially those that improved retirees’ access to benefits and strengthened CPS operations nationwide. NUPCPS also thanked President Bola Ahmed Tinubu, GCFR, for creating a supportive policy environment that enabled the Commission to deliver measurable progress.
“Kudos to our well-performing and amiable Director-General. We love you dearly and wish you many more years of impactful service,” the Union stated.
NUPCPS reaffirmed its readiness to continue working with PenCom to protect the rights and welfare of pensioners across the country, expressing optimism that Ms. Oloworaran’s leadership will drive even greater achievements in the years ahead.
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