Awabah Enters Partnership With Stanbic IBTC Pension Managers

Awabah, Nigeria’s first digital micro pension platform is partnering with Stanbic IBTC Pension Managers to deepen micro pension inclusion across Nigeria. 

The announcement showed how excited the PensionTech startup was about joining forces with a leading Pension Fund Administrator (PFA) in the country.

Tunji Andrews, Co-Founder, and CEO of Awabah commenting on the partnership said that the partnership has raised the stakes for Awabah as the company is set to onboard 150,000 new users in the next 12 months and is targeting five million customers by 2026.

“The goal is to have five million micro pension accounts with active contributions made via Awabah’s platforms by the time it turns five”.

He went on to say that ''although funding retirement savings accounts was quite a task, Awabah was ready to do the hard work, and had put strategies in place to achieve this goal.

"One such strategy is the creation of agent networks to onboard new users, and another is leveraging trade shows to drive awareness."