Tony Elumelu has praised President Tinubu over new pension initiatives designed to provide healthcare access and minimum income security for Nigerian retirees
Elumelu Hails Tinubu’s New Pension Initiatives for Nigerian Retirees
Leading Nigerian investor and philanthropist, Tony Elumelu, has commended President Bola Tinubu over the launch of the Presidential Pension Security Initiatives, describing the programmes as important steps towards protecting retirees and promoting inclusive economic prosperity.
Elumelu, who delivered goodwill remarks at the launch in Abuja on Wednesday, said the initiatives reflected the need to build a country where Nigerians who had contributed to national development could retire with dignity, financial security and peace of mind.
The initiatives, comprising the PenCare Retiree Healthcare Initiative and the National Minimum Pension Guarantee, are designed to address two major challenges confronting retirees: access to healthcare and income security.
Describing the programmes as investments in human dignity, the chairman of Heirs Holdings said national progress should not be measured solely by wealth creation but also by the ability to protect citizens, particularly vulnerable members of society.
“Today, we are making an important statement about the kind of Nigeria we want to build.
“A Nigeria where those who have worked hard, served diligently, and contributed to our nation’s development can retire with dignity, security, and peace of mind,” he declared.
Elumelu, who is also an advocate of Africapitalism, stressed that economic prosperity must benefit all segments of society, including Nigerians who had completed their years of active service.
“As an entrepreneur, investor, and advocate of Africapitalism, I have always believed that economic prosperity must be inclusive.
“Growth must translate into improved lives, and our institutions must work for all Nigerians, including those who have completed their years of active service,” he added.
He particularly commended the Nigerian pension industry for funding the PenCare initiative, describing it as an example of what responsible institutions could achieve when they placed people’s welfare at the centre of their activities.
The billionaire businessman also reaffirmed the private sector’s readiness to support policies and partnerships aimed at strengthening institutions, expanding financial inclusion and creating a more secure future for Nigerians.
He emphasised that protecting elderly citizens was not only essential to their welfare but also important in inspiring confidence among younger generations.
“A society that protects its elderly gives hope to its young. A nation that honours yesterday’s workers inspires tomorrow’s workforce,” he stated.
Elumelu congratulated Tinubu, the Director-General of the National Pension Commission, Omolola Oloworaran, and other stakeholders involved in the initiative, expressing optimism that the programmes would advance efforts to ensure that no Nigerian was left behind.
In a subsequent post on his social media platforms, Elumelu disclosed that he had travelled to Abuja to deliver goodwill remarks at the launch, describing the event as an important milestone in the country’s efforts to strengthen retirement security and improve the welfare of pensioners.
