The Nigeria Employers’ Consultative Association has applauded President Bola Ahmed Tinubu for his sustained commitment to the welfare of retirees and pensioners nationwide.

In a statement, NECA Director-General, Adewale-Smatt Oyerinde, said the president’s consistent focus on pension matters reflects a deep appreciation for the contributions of workers who devoted their productive years to building the nation’s economy.

He described Tinubu’s stance as “a strong signal of his administration’s dedication to social protection, economic dignity in retirement, and the long-term sustainability of our pension system.”

Oyerinde stressed that a key step to sustaining this commitment is the prompt reconstitution of the National Pension Commission’s governing board, in full compliance with the Pension Reform Act.

He warned that the continued absence of a fully functional board undermines effective oversight, policy direction, and corporate governance within PenCom.

He said, “The pension industry thrives on trust, transparency, and sound governance.

“Ensuring that PenCom’s governing body is reconstituted promptly will safeguard these principles, uphold the law, and boost public confidence in the entire pension system.”

NECA reaffirmed its longstanding commitment to the growth and development of Nigeria’s pension sector, pledging continued collaboration with the government and other key stakeholders to strengthen pension administration.

Oyerinde said this commitment includes pushing for policies that safeguard pension assets, expand coverage, and enhance the welfare of retirees in both the formal and informal sectors.

“As the umbrella body for organised business in Nigeria, NECA will remain a vocal advocate for a sustainable pension system that works for all. A strong pension industry is not just about retirement benefits — it is about economic stability, social cohesion, and intergenerational fairness,” the statement concluded.