| Chinelo Anohu-Amazu |
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| Nationality |
Nigerian |
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| Occupation |
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| Known for |
- Introducing Contributory Pension Scheme
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| Title |
Director General |
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Chinelo Anohu-Amazu is a highly accomplished public servant and administrator. After a sterling multi-jurisdictional career in the private sector, she commenced her public service career at the Bureau of Public Enterprises (BPE) in the year 2000, where she served as Technical Adviser to the Director General/CEO. At the BPE she was Transaction Manager on the privatization of the Hilton Hotel Abuja and Afribank Plc , one of Nigeria’s largest state-owned commercial Bank at the time., among other responsibilities. She also served as a member of the Pension Reform Committee which produced the Draft Bill that metamorphosed into the Pension Reform Act 2004 and was subsequently appointed as the pioneer Commission Secretary/Legal Adviser of the National Pension Commission.
Chinelo is presently the Director General of the National Pension Commission, Nigeria where she functions as the CEO of Nigeria’s Pension Regulatory Agency with a contributor’s network of over 6 Million individuals enrolled under the Contributory Pension Scheme and pension funds assets in excess of 28 Billion US Dollars. The Commission is statutorily charged with the responsibility of regulating, supervising and ensuring the effective administration of pension industry in Africa’s largest economy, and ensures that Pension Fund Administrators manage assets in an efficient, transparent and cost effective manner.
Educational background
Chinelo holds a Masters Degree in Telecommunication & Information Technology Law from the London School of Economics, a Bachelor of Laws Degree (LL.B) from the University of Nigeria and earned a B.L from the Nigerian Law School. She has also attended numerous Executive Education Programs at the Kennedy School of Government, Harvard University, the London Business School, the Columbia University Graduate School of Business and the Wharton University Business School, the University of Pennsylvania.
Career
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Currently (2016), Chinelo is the substantive Director General and CEO of Nigeria National Pension Commission (PenCom). Ms.Chinelo Anohu-Amazu is part of a new generation of leaders in Nigeria, skilled technocrats determined to modernize and diversify the economy and society. The first woman to lead PenCom, Anohu-Amazu was part of the team of experts that nurtured the Contributory Pension Scheme (CPS), which has seen a dramatic turnaround in the performance of pensions in Nigeria.
She served on the Pension Reform Committee set up by former President Olusegun Obasanjo, whose work led to the enactment of the Pension Reform Act (PRA) 2004, the first of the two major legislation's that have reformed the Nigerian pension sector. She was honoured with a presidential commendation for her work on the Committee.
After a period working as a consultant for non-governmental organizations and the private sector, she commenced her public sector career with the Bureau of Public Enterprises (BPE) and was the pioneer Commission Secretary/Legal Adviser of PenCom.
At the expiration of the tenure of the Executive Committee, she became the Acting Director General of PenCom in December 2012. She completed a major review of the PRA 2004 which culminated in the enactment of the Pension Reform Act 2014. Following her nomination by the President, she was confirmed in the position by the Senate in October, 2014.
Pension fund assets have experienced remarkable growth under her leadership from N2.9trillion in December 2012 to N5.9 trillion by September 2016. There was also an increase in the number of pension contributors as the Retirement Savings Accounts (RSAs) increased from 5.39 million to 7.31 million, over the same period.
Anohu-Amazu has also consolidated the Commission’s links to pension regulators and professional bodies around the world, such as the World Pension Summit, Amsterdam; the Organization for Economic Cooperation and Development (OECD); and the International Organization of Pension Supervisors (IOPS).
Anohu-Amazu is a strong advocate of the need to develop secure investment vehicles for pension funds to boost efforts to reduce Nigeria’s infrastructure gaps. With this goal in mind, she has prioritized the Micro Pension Scheme, which is designed to assist Nigerians in the Informal Sector, who constitutes the majority of the working population, to save for their old age.
She is a member the London stock exchange Africa Advisory group.[1]
References
External links
