The long-awaited reform of Nigeria’s pension framework has taken a significant stepforward with the introduction of the Pension Reform Bill 2026 (the “Bill”). If enacted, the Bill will represent a significant overhaul of the Pension Reform Act 2014 (the “Principal Act”) and Nigeria’s Contributory Pension Scheme (the “CPS” or the “Scheme”) in over a decade.
The Bill comes against the backdrop of growing scrutiny of the adequacy and sustainability of retirement benefits under the CPS, including the House of Representatives’ December 2025 resolution calling for reforms, as well as ongoing regulatory initiatives spearheaded by the National Pension Commission (“PenCom” or the “Commission”).[1]
The proposed reforms are far-reaching, particularly foremployers. For this reason, this insight focuses on the provisions of the Bill that create, expand, or intensify employer obligations, considers their practical implications for businesses, and examines the lacunae in the Principal Act that the Bill seeks to address, including gaps that have previously fueled employer facing disputes before the National Industrial Court of Nigeria (“NICN”).
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