What we do: Sigma Pensions administers pension funds for more than 650,000 members in Nigeria and operates in line with standards set by the National Pension Commission. Sigma Pensions operates from 11 offices and 32 service centres. The company has been in operation for more than 10 years as it was established in 2004.

Ownership & Management: Sigma Pensions is privately owned and managed by an experienced team. Actis invested US$62 million for a majority stake in Sigma in November 2015, partnering with Sigma’s founder and Chief Executive Officer, Mr Umaru Modibbo. The investment in Sigma provides the ability to build further into Nigeria and leveraging growing consumer demand for financial protection and wellbeing in Nigeria. Sigma is a solid market-leading brand in an under-penetrated high growth market well placed to scale.

Key financial indicators: Not provided. Sigma Pensions will be able to take advantage of a growing pensions industry in Nigeria which remains significantly under-penetrated since only seven million Nigerians have a pension out of a population of over 170 million. Growth is also supported by a robust regulatory system as all companies with more than 15 employees are required to pay a portion of their monthly salary into their pension scheme.

Track record: Sigma already administers pension funds for more than 650,000 members in Nigeria and operates from 11 offices and 32 service centres.

Client contact details: Tel: +234 9 461 3333 Email: info@sigmapensions.com Address: 29 Durban St, Wuse 2, Abuja, Nigeria. Website: www.sigmapensions.com

Or contact us for free additional information at info@peafrinsights.co.za