Nigeria’s pension sector requires structural reforms to transition from systemic promises to verifiable retirement security. While the Contributory Pension Scheme has improved asset management, the sector faces a dual challenge: settling significant legacy arrears from the defined-benefit era and expanding coverage to the informal workforce. Analysts recommend that the upcoming review of the Pension Reform Act focus on enhancing digital enrolment for informal workers, establishing transparent projected retirement income models, and enforcing strict service timelines for benefit processing to restore public trust.