ABUJA, (Sundiata Finance) – The Managing Director and Chief Executive of Sigma Pensions Limited, Mr. Dave Uduanu has reiterated the need for human capital development in boosting productivity even as he stated the commitment of the company to sustaining a policy of giving back to its customers and business associates.
Speaking during a capacity development programme for human resource personnel of its stakeholders, he said as a corporate social citizen, it is determined to pay back to customers in order to add value to their endeavours.
He said the focus on human resources personnel in key organisations this time around was borne out of the desire to explore ways of helping to improve on their competence in HR management and productivity as well as on issues bordering on wills and trust.
“We hope at the end of the engagement they’ll see how they can improve their productivity and efficiency and as you know, for any organisation, the manpower is the best capital you can have- so if you can improve productivity of your personnel, then definitely you are improving your business.”
Represented by Executive Director, Technical, Sigma Pensions, Mr. Ibrahim Balarabe, the MD said there had also been concerns around wills and trust as it “affect our customers in the event of death of customers, there’s need for those type of things.”
He said inadequate contribution of funding remained a major challenge in the pension industry amid the present global fiscal constraint. He said:”We can understand. It’s current reality of ours- the economy is on the downturn but we’re looking forward positively but many employers are not able to pay employees contribution.
“For those that have and are still in business many of them have shed weight, which means if they previous had 100 employees, they now manage with thirty or forty and you see a lot of request from people that have lost jobs trying to access by virtue of what the law says; if they are below 50 years, they access 25 percent to keep body and soul together depending when they’re another job.
“So it’s not the fault of those employers, it’s an economic situation global not even in Nigeria alone. And looking at what government has put in place over the years since the new administration came in, we feel positive that things will turn around very soon.”