By Ayomide Otitoju
Stanbic IBTC Pension Managers, a leading pension fund administrator in Nigeria, has been honored with the title of ‘Most Financially Inclusive Pension Company of the Year’ at the International Financial Inclusion Conference (IFIC’24). The award was presented at an event organized by the Central Bank of Nigeria (CBN), which attracted key players from the financial sector, including regulatory authorities, financial institutions, and development organizations.
This recognition comes at a critical time when financial inclusion is a pressing issue in Nigeria, with a significant portion of the population remaining unbanked or underbanked. The diverse economic landscape of the country, along with varying access to financial services, highlights the importance of initiatives designed to bridge these gaps. The International Financial Inclusion Conference serves as an essential platform for sharing best practices and innovative strategies that enhance financial accessibility, particularly for economically disadvantaged demographics.
The accolade represents a significant milestone for Stanbic IBTC Pension Managers, reinforcing its commitment to financial education and empowerment while striving to create a secure future through effective pension management. The recognition not only underscores the company’s efforts but also serves as a motivation to continue advancing financial inclusivity in Nigeria and contributing to the nation’s economic growth and stability.
Upon receiving the award, Olumide Oyetan, Chief Executive of Stanbic IBTC Pension Managers, remarked, “IFIC’24 provides a vital platform for financial sector stakeholders to collaborate on strategies to enhance financial inclusion, and we are proud to be recognized among key industry players. The conference emphasized the importance of innovative solutions in achieving financial inclusion goals, aligning perfectly with our vision for accessible and equitable pension services.”
“Financial inclusion is not merely a goal; it is a fundamental right that empowers individuals, enhances economic stability, and fosters sustainable growth in communities,” Olumide added. “Our commitment to providing accessible and innovative pension solutions has always been central to our operations. This award is a validation of our ongoing efforts to ensure that pension services are available to every Nigerian, regardless of their socioeconomic status.”
Olumide highlighted several initiatives aimed at expanding access to pension services, including mobile applications that simplify the pension enrollment process, workshops to promote financial literacy, and tailored pension products designed for informal sector workers and low-income earners. The organization has also partnered with community organizations and NGOs to engage underserved populations and raise awareness about the importance of retirement planning.
“By prioritizing 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,” Olumide concluded.
Stanbic IBTC Pension Managers remains committed to championing inclusive policies, innovating financial solutions, and collaborating with regulatory bodies to ensure that pension scheme benefits reach all corners of Nigeria. In its pursuit of excellence, the organization aims to elevate the standards of pension management in Nigeria, ensuring that every citizen can look forward to a secure retirement.
