As Nigeria works to deepen financial inclusion, the conversation is gradually shifting from access alone to long-term financial resilience. For millions of informal sector workers, this shift raises an important question: how can individuals with irregular income and limited exposure to formal financial systems build security for the future?
Micro pensions are increasingly positioned as a promising answer. Yet awareness remains low, trust gaps persist, and structural realities within the informal economy continue to shape adoption patterns. Understanding these dynamics is essential to unlocking the full potential of micro pensions as a tool for inclusive financial security.
In this episode of I4All Radio, Oluchi Okafor, Brand & Communications Manager at EFInA, speaks with Mr Gbenga Komolafe, General Secretary of the Federation of Informal Workers’ Organisations of Nigeria (FIWON), to examine the evolving realities surrounding micro pensions in Nigeria.
This conversation provides a grounded perspective on:
- The current awareness and perception of micro pensions among informal workers
- Structural barriers, including irregular income patterns, trust concerns, and limited financial access
- The role of financial education and community engagement in driving uptake
- Opportunities for inclusive product design tailored to informal sector realities
- Policy and ecosystem interventions needed to support sustainable adoption
- The importance of collective organising and worker representation in expanding coverage
Tune in to this episode of I4All Radio to explore insights on building inclusive retirement pathways and strengthening financial resilience within Nigeria’s informal economy.
