Members of NICO Troupe, the performance outfit of National Institute for Cultural Orientation (NICO), on Thursday, 29th September, 2016, showcased their potentials as they dazzled guests at the National Pension Commission (PENCOM) Day, at the ongoing 11th Abuja International Trade Fair, held at the J.T. Useni International Trade Fair Complex, Lugbe, Abuja.

Starting with a short drama presentation, entitled, “Micro Pension Magic”, the Troupe captured the concept and benefits of PENCOM’s Micro Pension Scheme, which is targeted at the informal sector of the economy, telling the story of a trader who succeeded in rebuilding his burnt market stall in just two weeks, which, unknown to many, was suspicious and unbelievable.

However, at the end of the day, they realized that the Trader was falsely accused, and that he actually rebuilt his shop in less than two weeks from his savings from the Micro Pension Scheme, which he had patronized for some years, informing that one can withdraw from one’s saving whenever the need arises. 

Penc1NICO Troupe also presented two dances, which projected the Troupe as one of the best that can keep audiences entertained at occasions like that; just as their performance earned the Executive Secretary of National Institute for Cultural Orientation (NICO), Assoc. Prof. Barclays Foubiri Ayakoroma, a resounding applause, affirming his enviable leadership role he has been playing in Nigeria’s arts and culture sector.

In her address, the Director-General of PENCOM, Mrs. Chinelo Anohu-Amazu, the Commission’s Secretary and Legal Adviser, Alhaji Mohammed Sanni, said PENCOM has come up with a strategic plan for private and public individuals to be able to have a flexible pension plan, which is different from the old one that favours only government workers.

According to the PENCOM boss, with the new Pension Act, anybody that works in the Federal Republic of Nigeria, even in SMEs, lawyers, traders, hairdressers, fashion designers, barbers, drivers, and so on, can start saving with the Micro Pension Scheme, so that when the person can no longer work, he or she will have something to lean or fall back on at old age.

The National Pension Commission (PENCOM) Day event at the ongoing 11th Abuja International Trade Fair was specifically organized to create awareness on its proposed Micro Pension Scheme, which will benefit the private sector: the self-employed.

Grace Imomion

Corporate Affairs