Parthian Pensions Harps On Financial Literacy, Targets Micro Pension Market

By LOVETH AZODO,  Lagos

Parthian Pensions Limited is calling for greater financial literacy to deepen pension adoption and expand inclusion through the micro pension market.

Speaking at the 10th National Conference of the Nigerian Association of Insurance and Pension Editors (NAIPE) in Lagos, Head of Operations, Mr. Adetunbi Ashaye, urged stakeholders to intensify education on the Contributory Pension Scheme (CPS), noting that many Nigerians still underestimate its value.

He said the CPS was introduced to replace the old unfunded system that failed retirees, adding that the new scheme ensures sustainability through joint contributions from employers and employees. “People need to understand that pension guarantees a comfortable life after work. What we need now is to drive financial literacy,” he said.

Ashaye observed that many Nigerians view pension and insurance as unnecessary because of economic hardship, stressing the need to simplify and digitize micro pension plans to reach informal sector workers. “If people struggle with daily needs like food and rent, saving for the future becomes difficult. That’s why we must make pensions simple and accessible,” he said.

With pension assets projected to hit ₦29 trillion by year-end, Ashaye praised the National Pension Commission (PenCom) for ensuring transparency and growth in the industry.

He disclosed that Parthian Pensions, one of Nigeria’s newest PFAs, will focus on expanding into the micro pension segment rather than competing for existing Retirement Savings Account (RSA) holders. “We are leveraging technology for seamless service delivery and easy onboarding from anywhere,” he said.

Ashaye reaffirmed the company’s commitment to promoting financial literacy and building trust. “We are the pension managers of choice. Our goal is to simplify access, include more Nigerians, and secure their financial future,” he said.