July 23, 2024 8:00 amas the substantive director-general of the National Pension Commission after holding the fort in an acting position following the controversial removal of Chinelo Anohu, her predecessor, in 2017.
And now, President Bola Tinubu has nominated Omolola Oloworaran as Dahir-Umar’s successor, subject to senate confirmation. TheCable understands that Dahir-Umar has handed over to Anyim Nyere, the commissioner technical and the most senior member of the board, who will act as DG until a new chief executive assumes office.
As the multi-trillion naira Nigerian pension industry prepares to receive a new chief regulator, TheCable presents the highlights of Dahir-Umar’s tenure, both as acting and substantive DG, using information sourced from PenCom’s latest official data as well as her e-book, ‘Fighting for the Future’, published in 2023.Between 2017, when she assumed office, and 2024, accumulated pension assets rose from N7.51 trillion to N20.23 trillion, according to official data as at May 31, 2024.
President Buhari launching the micro pension plan in March 2019. Standing second from left is Dahir-Umar, then acting DG of PenComPreviously, PenCom staff travelled all over the country to enrol prospective retirees of the treasury-funded agencies. This was considered time-consuming and expensive.