CPS: Nigerian govt announces pension self-service platform

The Nigerian government, through the National Pension Commission (PenCom), has announced plans to unveil a self-service online data recapture application known as the Data Recapture Self-Service Platform (PENCAP) on 1 February 2026.

In a statement issued by PenCom on Friday, the platform will enable Retirement Savings Account (RSA) holders to remotely update their personal records (recapture) without necessarily visiting their Pension Fund Administrators (PFAs).

It targets RSA holders who joined the Contributory Pension Scheme (CPS) on or before 1 July 2019 and have not undergone the data recapture process.

“This initiative marks another key step by PenCom to enhance data integrity, improve service delivery, and modernise pension administration through responsible digitalisation.

Rationale for the Data Recapture Exercise

Accurate and up-to-date data remains fundamental to the efficient administration of retirement savings under the CPS. Over time, data inconsistencies arising from legacy records and incomplete documentation have posed challenges during verification and benefit processing.

PENCAP provides a proactive solution by offering contributors a secure and convenient channel to recapture their data.

“By improving the quality and reliability of contributor records across PFAs, the platform will support faster benefit processing, smoother verification exercises, and an overall improvement in service experience for RSA holders.

“The exercise is also essential for participation in the Retiree Enrollment and Verification Exercise and for accessing key pension transactions. These include the processing of retirement benefits, eligibility to utilise part of RSA balances as an equity contribution for residential mortgages, withdrawal due to temporary job loss, and the transfer of RSAs between PFAs. Eligible RSA holders who fail to complete the data recapture will not be able to access any of the aforementioned services,” the statement reads.

CPS: Nigerian govt announces pension self-service platform