Nigeria. Not yet independence for Pension Reforms
Before the advent of the Contributory Pension Scheme (CPS) in 2004, it was a common view seeing public officials shedding tears at public functions decrying the plights of pensioners.
With the implementation of the Pension Reforms Act 2004 by the Federal Government more than a decade ago, the road may have not been completely smooth even though it is a radical departure from the past defined benefit system.
The anxiety over the utilisation of pension assets since the arrival of the current dispensation under the leadership of President Muhammadu Buhari, for infrastructure development is fast becoming worrisome, with every workshop and seminars groping to find creative ways of unleashing the funds particularly at a period of economic challenges motivated by global crisis.
Full Content: The Guardian
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