Citizens Pensions Limited said it has been licensed to operate as a Pension Fund Administrator (PFA), a feat consistent with its ambition to help revolutionalise and bridge the pension gap in Nigeria.
The Managing Director of the firm, Helen Da-Souza, in a statement, said the management has a clear mission to empower Nigerians with financial security in retirement and ultimately reshape how individuals plan for the future.
She emphasised that the core vision of the company was becoming the trusted partner for a secure and fulfilling retirement.
Rooted in integrity, accountability and an unwavering commitment to customer welfare, the company, she added, is dedicated to creating an inclusive pension system, one that transcends professions and income levels, offering not just security but empowerment.
‘This initiative is more than a financial service; it is a pledge to safeguard dignity, stability and the confidence to embrace the future with certainty.
“The future of pensions in Nigeria is about fostering a culture where individuals can take ownership of their financial future with clarity and assurance.
“Our commitment is to deliver pension solutions that are transparent, accessible, and truly life-changing so that every Nigerian can look forward to retirement with confidence”, the MD said.
Recognising technology as a transformative force, Citizens Pensions, she noted, is redefining pension management through innovative digital platforms.
“By ensuring seamless account access, real-time support and personalised advisory services, the company is simplifying retirement planning, making it an enriching experience rather than a cumbersome obligation. Whether through automated contributions, intuitive digital tools, or tailored retirement plans, Citizens Pensions is revolutionizing how Nigerian workers engage with the Contributory Pension Scheme (CPS)”, she added.
Also speaking on the feat, Chukwuka Onwuchekwa, Chairman of Citizens Pensions, emphasised the company’s commitment:
“Our mission is to provide retirement solutions that enable individuals and institutions to achieve their long-term financial goals. We are not just managing funds; we are creating pathways for Nigerians to build Retirement Savings while confidently navigating tomorrow.”
For decades, millions of Nigerians in the informal sector, including artisans, traders, and entrepreneurs, have been excluded from structured pension schemes. With over 80% of Nigeria’s workforce operating outside the formal pension system, financial security in old age has remained an unattainable dream for many.
Citizens Pensions is stepping up to bridge this divide through Micro Pensions, a pioneering initiative designed to extend pension benefits to the informal sector. By offering flexible contribution plans, seamless enrolment, and a mobile-first approach, the company is ensuring that every Nigerian, regardless of occupation or income level, can secure their financial future. This initiative is not merely about savings; it is a movement toward financial inclusion, dignity, and ensuring that retirement is a period of fulfilment, not uncertainty.
As Citizens Pensions prepares for its official launch, it extends an invitation to Nigerians to be part of this transformative journey.