President Bola Ahmed Tinubu has restated the commitment of the federal government to ensuring that every Nigerian worker is insulated from sudden economic ruin, workplace injury. He assured of dignified life after retirement.
The president gave the assurance, Wednesday at the opening of a two-day ISSA 2026 West Africa seminar in Abuja with the theme: “ Improving inclusiveness and accessibility of social security services through effective communication in West Africa.”
He stated that since assuming office in 2023, his administration has driven its Renewed Hope Agenda with a clear objective to restore opportunity, protect livelihoods and rebuild confidence in the economy. Across government, we are deliberately strengthening institutions that form the pillars of Nigeria’s evolving social security architecture.
“Through the Nigeria Social Insurance Trust Fund, we have fundamentally strengthened workplace injury protection. Today, over 7.5 million Nigerian employees are covered under the Employees’ Compensation Scheme, ensuring that when workplace accidents or disabilities occur, families are protected from sudden economic ruin. Every compensation payment sends a clear message: those who serve this nation will not be abandoned.
“Today, under the oversight of the National Pension Commission, over 10 million Nigerian workers are actively contributing to the Contributory Pension Scheme, with pension assets now exceeding ₦25 trillion, according to data published by the National Pension Commission,” the president revealed.
Represented by the Minister for Budget and National Planning, Senator Atiku Bagudu, President Tinubu stated that although those figures are impressive, the true success of the pension reform cannot be measured merely in trillions of naira.
“What those assets represent is trust, the hard-earned savings of Nigerian workers who now have confidence that after a lifetime of service, retirement will not mean hardship, uncertainty, or loss of dignity, but security and peace of mind.
“And because the greatest form of social security remains meaningful employment, the National Directorate of Employment continues to expand opportunities for our youth. Over the years, the NDE has empowered more than two million Nigerians through vocational training, entrepreneurship development, and job creation initiatives, equipping young people with skills not only to earn a living, but to build sustainable futures,” he said.
