The provision has been part of the amendments that occurred when the Pension Reform act was amended in 2014 PenOp’s commendation was contained in a statement signed by its President, Oguche Agudah in Lagos.
It said, the policy was very catalytic in nature and has the potential to spur growth in other sectors of the economy. It said, “RSA holders will now begin to plan towards a target RSA balance because they have a goal of owning a home. “For those who do not have an RSA account and are working in the formal sector, we urge them to commence the process in conjunction with their employers”, it said.“Regarding the MPP, we are also happy that the policy extends to this is extended to self-employed individuals and those in the informal sector.
“The pension industry over the years has played a significant role in the local debt and equity market, financing National and Sub National projects and debt programs and financed transformational companies and projects.
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