by Angela Adeboye –
As we reflect on ten years of pension reform in Nigeria, we celebrate the achievements of over five million contributors and four trillion naira in contributions. However, one is reminded of social changes that have occurred over the past years, amidst an almost absent social safety net, and thus resulted in widened inequality amongst the people. There remain over 75 million adults in Nigeria who do not participate in the current pension scheme, an estimated 30% unemployment rate and a high incidence of underemployment, disability and poverty. The near absence of functional public goods keep a majority of the people scrambling to meet the most basic of needs. These staggering statistics and our societal reality make the case for discussing social protection in the Nigerian context
Read full article here
