Mr. Kayode Kolade, a 51-year-old former public servant from Rivers State, has emerged as the overall winner of the Heirs Insurance Group inaugural Retirement Dream Competition.
He receives a ₦2.5 million cash grant.
Heirs Insurance Group launched the nationwide initiative to empower retired and soon-to-retire Nigerians to realise their long-held aspirations.
A statement by the insurer said the competition, introduced in August 2025 with a total prize pool of ₦5 million, invited senior citizens aged 50 to 75 to submit a one-minute video describing their retirement dream and how the grant would help make it a reality.
After a thorough review process, Kayode Kolade emerged overall winner while Ms. Rakiya Idris, a 64-year-old retiree from the Federal Capital Territory (FCT), came in second, winning ₦1.5 million, while Mr. Sodeke Olusola, aged 60, from Lagos State, finished as the third-place winner, receiving ₦1 million.
The inaugural edition received hundreds of entries, with high participation extending beyond major cities into rural communities across the country, reflecting the deep relevance of retirement planning to Nigerians everywhere.
Speaking on the initiative, Niyi Onifade, MD/CEO, Heirs Life Assurance, applauded the participants for their creativity, resilience, and optimism.
