CPS and PFAs Flourish: N7.98tn Profits Emerge from Worker Contributions
The Contributory Pension Scheme (CPS) in Nigeria has marked a significant milestone with Pension Fund Administrators (PFAs) reporting an impressive N7.98tn profit from investments fueled by workers’ contributions. Over the last two decades, since the inception of the CPS in 2004, the PFAs have played a pivotal role in steering the pension landscape towards unprecedented…