Nigeria is forfeiting a vast pool of long-term savings and investment capital because most of its estimated 70 million informal sector workers are excluded from pension and insurance schemes, financial experts have warned. Nigeria’s pension assets reached N23 trillion in 2025, equivalent to 8.6 per cent of GDP, while insurance premiums hit N1.56 trillion in 2024. Experts estimate that extending coverage to the informal sector could more than double these figures, creating fresh investible funds for infrastructure, capital markets, and private enterprise. Between 2020 and 2024, public sector pension contributions surged 71.7 per cent to N5.89 trillion, while private sector contributions grew 65.7 per cent to N5.42 trillion. According to him, bringing millions of informal workers into formal savings structures is not just a social imperative but an economic necessity.