The National Pension Commission (PenCom) has announced plans to launch a health insurance initiative for low-income retirees, called PenCare, in March 2026. The pilot phase will target about 30,000 retirees across Nigeria’s six geopolitical zones.
PenCom Director-General Omolola Oloworaran disclosed the plan at the 2025 PenCom media conference in Lagos. She said the initiative is aimed at ensuring retirement is a period of peace, rather than one burdened by medical expenses.
The scheme will provide free health insurance for retirees under the contributory pension scheme and is supported by a board of trustees set up to drive the intervention. Oloworaran described PenCare as a landmark reform aligned with the federal government’s ‘renewed hope’ agenda.
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The commission said it will work with stakeholders to guarantee transparency, sustainability, and fair access for all eligible retirees, marking an expansion of pension industry services beyond monthly financial benefits.
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