By Modupe Gbadeyanka
The award for the Most Financially Inclusive Pension Company of the Year has been given to Stanbic IBTC Pension Managers.
The leading pension fund administrator in Nigeria got this accolade at the recently held International Financial Inclusion Conference (IFIC’24) organised by the Central Bank of Nigeria (CBN).
This recognition marks a significant milestone for Stanbic IBTC Pension Managers as it continues to advocate for financial education and empowerment; striving to create a secure future for individuals through effective pension management.
The award not only reflects the company’s efforts but also serves as motivation to pursue further advancements in financial inclusivity in Nigeria, contributing to the overall economic growth and stability of the nation.
According to the chief executive of the firm, Mr Olumide Oyetan, the management has mapped out several initiatives aimed at expanding access to pension services.
He listed these to include mobile applications that simplify the pension enrolment process, workshops that promote financial literacy and tailored pension products designed for informal sector workers and low-income earners.
He added that in collaboration with various community organisations and Non-Governmental Organisations (NGOs), Stanbic IBTC Pension Managers is also actively engaging underserved populations to raise awareness about the importance of retirement planning.
Mr Oyetan said this award from the central bank affirmed the impact of the company’s strategies for deepening financial inclusion in the country.
“IFIC’24 serves as a vital platform for financial sector stakeholders to collaborate and discuss strategies for enhancing financial inclusion, and we are proud to be recognised among key industry players.
“The conference highlighted the critical role of innovative solutions in achieving financial inclusion goals, aligning perfectly with Stanbic IBTC Pension Manager’s vision for accessible and equitable pension services.
“We believe that financial inclusion is not merely a goal; it is a fundamental right that empowers individuals, enhances economic stability, and fosters sustainable growth in communities.
“Our commitment to providing accessible and innovative pension solutions has always been at the forefront of our operations.
“This award is not just an acknowledgement of our efforts but a validation of our continuous endeavours to make pension services available to every Nigerian, irrespective of their socioeconomic status,” he stated.
The chief executive noted further, “By prioritising accessibility, we are breaking down barriers and ensuring that more individuals can secure their future through reliable pensions. This recognition motivates us to continue innovating and expanding our outreach.”