Elumelu Lauds New Pension Initiatives As ‘Investments In Human Dignity’
The Group Chairman of Heirs Holdings, Tony Elumelu, has commended President Bola Tinubu and his administration for launching two new pension initiatives aimed at addressing the core concerns of Nigerian retirees.
The initiatives—the PenCare Retiree Healthcare Initiative and the National Minimum Pension Guarantee—were officially launched on Wednesday, November 11, 2026, in the nation’s capital, Abuja.
Delivering his goodwill remarks at the event, the prominent investor described the programs as vital steps toward upholding human dignity rather than mere administrative reforms.
“The two initiatives being launched today address two fundamental concerns of every retiree: access to healthcare and security of income,” Elumelu said. “They are not simply pension reforms, but investments in human dignity.”
He emphasized that economic progress must directly benefit citizens who have completed their active years of service.
“As an entrepreneur, investor, and advocate of Africapitalism, I have always believed that economic prosperity must be inclusive,” he stated. “Growth must translate into improved lives, and our institutions must work for all Nigerians, including those who have completed their years of active service.”
Highlighting the pension industry’s role in funding the PenCare initiative as a “powerful demonstration of what responsible institutions can achieve when they put people first,” Elumelu pledged continued private-sector backing. He assured the President that business leaders remain ready to form partnerships that strengthen national institutions, deepen financial inclusion, and build a more secure future.
“A society that protects its elderly gives hope to its young,” Elumelu noted. “A nation that honours yesterday’s workers inspires tomorrow’s workforce.”
In closing, he applauded the stakeholders behind the rollout. “I congratulate Mr. President, the leadership of PenCom led by Omolara Oloworaran, and all stakeholders who have made today’s milestone possible. May this be another meaningful step towards a Nigeria where no citizen is left behind.”
