From Ngozi Onyeakusi, Lagos
The Managing Director, IEI-Anchor Pension Managers Limited, Mr Glory Etaduovie, has advocated creating awareness on the relevance of pension scheme in the country through individual and collective efforts as paramount to economic growth.
Etaduovie who made the observation said the Contributory Pension Scheme can help to solve a lot of funding problems in the economy and even address individual needs of the people.
“We need to create more awareness on the relevance of the pension scheme in the country through individual and collective efforts because the industry is responding to the social and critical needs both at micro and macro level. The increasing pension funds will create more capital for investment and infrastructure in the country.
“On the part of the government, a lot of infrastructural developments will take place. There will be room for long-term funding.”
He also said that the new fund structure introduced in the sector would be of benefit to stakeholders.
According to him, the impact of the funds on the economy will help to provide the needed finance for firms; there will be growth potential; knowledge will be transferred and domiciled in the Etaduovie equally assured that the scheme had multiple advantages for the stakeholders.