The Nationwide Pension Fee (PenCom) has licensed Awabah as the primary Accredited Pension Agent (APA) for the enrolment of contributors below the Private Pension Plan (PPP).
The approval was introduced by PenCom by way of its official X (previously Twitter) deal with on Friday, February 6, 2026.
The event marks a key step within the regulator’s efforts to develop pension protection amongst self-employed and casual sector employees throughout Nigeria.
Accredited Pension Brokers are company entities licensed by PenCom to interface with self-employed individuals and employees within the casual sector on behalf of Pension Fund Directors (PFAs).
They function strictly below Service Stage Agreements (SLAs) executed with PFAs and authorized by the Fee, making certain compliance with regulatory requirements.
PenCom defined that the Private Pension Plan is designed to cater to people working outdoors formal employment constructions.
The scheme targets a large section of Nigeria’s workforce that has historically been excluded from the contributory pension system.
Awabah, which can also be a PenCom-approved Fee Resolution Service Supplier (PSSP), provides a safe, free, and instantaneous digital gateway that allows employers to remit necessary pension contributions and schedules to any Pension Fund Administrator in Nigeria.
PenCom’s approval of Awabah follows regulatory groundwork laid in current months to formalise the position of intermediaries in pension enrolment.
In September 2025, the Fee launched a framework for the engagement of Accredited Pension Brokers within the implementation of the Private Pension Plan.
Based on PenCom, the framework was launched to formalise features that had traditionally been carried out by gross sales brokers, significantly within the registration of Retirement Financial savings Account (RSA) holders.
The scope of those features has now been expanded to incorporate the onboarding of contributors below the PPP.
Underneath the framework, APAs are formally recognised as stakeholders inside the pension business.
They’re empowered to help the efficient rollout of the Private Pension Plan, with a give attention to bettering entry, simplifying onboarding processes, and supporting constant remittance of pension contributions.
PenCom’s transfer to license Awabah as the primary APA aligns with broader efforts to strengthen compliance and accountability inside the pension system. In December 2025, the Fee disclosed that it had accredited pension restoration brokers as a part of measures to bolster Nigeria’s social contract with employees.
These initiatives mirror PenCom’s twin technique of increasing pension protection whereas additionally tightening enforcement to guard contributors’ funds.
Nairametrics beforehand reported that PenCom has rolled out a brand new self-service on-line platform that permits pension contributors to finish the necessary information recapture course of remotely.
