Nigerians under the age of 40 accounted for 82.48per cent of contributors under the Contributory Pension Scheme (CPS), it was discovered.
Besides, gender data shows an increase in number of women in the scheme indicating increased inclusion of women.
According to the National Pension Commission in a report obtained by the newspaper, 105,993 new Retirement Savings Account (RSA) holders’ registrations reflected strong youth participation in the CPS, with individuals under 40 accounting for 87,427 registrations or 82.48 percent.
This trend highlights growing pension awareness among younger Nigerians and supports the long-term sustainability of the scheme, the report stated.
Meanwhile, mid-career workers aged 40 to 49 contributed 14,231 registrations representing 13.43 percent, while enrolment dropped notably among those above 49, indicating lower first-time participation in older age groups and reaffirming the importance of targeting younger workers to expand coverage.
The gender data shows 60,820 male representing 57.38 percent and 45,173 female or 42.62 percent registrations, pointing to a narrowing gender gap and increased inclusion of women.
These demographic patterns signal a positive shift in CPS participation, driven by youth engagement and improving gender balance.
Sustaining this momentum will require continued outreach, digital engagement, and partnerships focused on youth and women, the report read.
