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Retirement
Basics for retirement planning in Nigeria!
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[QUOTE="Kendy, post: 214047, member: 63869"] Retirement planning in Nigeria or any other country across concern is a great topic of utmost concern because not every individual would be employed in the federal government or state government organisations. In Nigeria, mostly government workers are at an advantage because of the contributory pension fund that exists between the government and the workers. Prior to this time, the Nigerian government was operating on a non-contributory pension scheme savings funding but due to reviews and handing of power to different people, the constitution was changed to a contributory funding between both parties. This has given leverage to government workers to be sure of a retirement planning which they can rely on after retirement which is always accompanied by the pension and gratuity. It is not an easy venture for those who have no hope of government jobs, where some are business owners and other are literally unemployed or engaging in menial jobs which can only cater for their daily needs. Such people would find it really difficult to have a vision towards retirement planning and the government is literally doing little or nothing to enliven their burdens. It is appalling that even presently, the pensioners have to embark on a peaceful protest or clamour through the media houses before their pension savings and gratuity is released to them, which these situations gives little or no hope to the common man without government jobs! [/QUOTE]
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Basics for retirement planning in Nigeria!
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