The Micro Pension Plan (MPP), designed to provide retirement security for self-employed and informal sector workers, is struggling to gain momentum as economic hardship continues to weigh heavily on potential contributors.
Eligible individuals and small-scale businesses are citing rising cost of living and unstable income as major barriers to participation, raising concerns about the scheme’s long-term viability and the need for revamp.
Data from PenCom’s Performance Dashboard for the first quarter of 2025 shows that out of 176,617 regist
