The Nigerian public pension scheme: The need for reform

Uche, Chibuike U.; Uche, Ogbonnaya C.
April 2003
Journal of Pensions Management (1462222X);Apr2003, Vol. 8 Issue 3, p235
Academic Journal
This paper analyses the Nigerian public pension problems from their origins. It argues that the current public pension scheme in Nigeria is unsustainable. This is so because the sheer size of public sector bureaucracy in Nigeria makes it difficult for the government to meet the basic salary needs of its institutions, much less meet the pensions needs of those who have retired from these institutions. It also unjustifiably favours Nigerians who belong to the public service to the detriment of the majority of the people who work in the private sector. Finally, it inhibits the ability of the government to undertake its other developmental duties, such as the provision of developmental infrastructure and other capital projects. Without such capital investments, the potential for economic development and growth in the future will be greatly impeded. There is therefore a need for reform of the current pension system in Nigeria.


Related Articles

  • California's Public Sector Pension Plans in Perspective. Kilgour, John G. // Benefits Magazine;Oct2011, Vol. 48 Issue 10, p50 

    The article offers an outlook for public sector pension plans in California as of 2011.

  • The real deal. McPhall, Tom // Money Marketing;7/7/2011, p44 

    In this article the author shares his modest sympathy for public sectors rallying in Bristol, England concerning pension benefit structures.

  • plan ahead.  // Plans & Trusts;Jan/Feb2013, Vol. 31 Issue 1, p26 

    A calendar of events for Canada and the U.S. in April-November 2013 is presented which includes a Canadian Public Sector Pensions and Benefits Conference on May 7-8, Foundations of Trust Management Standards (FTMS) on April 11-13, and Certificate in Global Benefits Management on June 3-7.

  • 'Public sector pension costs will rise £7bn over toxic tangle with reforms'. Selby, Tom // Money Marketing;2/7/2013, p26 

    The article reports on the warning issued by the think-tank firm, the Centre for Policy Studies, that public service pensions in Great Britain will cost an additional 7.4 billion pounds per year due to toxic tangle with planned state pension reforms.

  • Pension Pinching.  // America;1/6/2014, Vol. 210 Issue 1, p4 

    The article comments on the pension reductions being faced by public sector workers in Detroit, Michigan.

  • On benefits, hope for rare agreement in N.J. KITCHENMAN, ANDREW // njbiz;5/30/2011, Vol. 24 Issue 22, p1 

    The article focuses on proposals for reforms of public-sector pensions and health benefits in New Jersey as of May 2011.

  • Pension review independence questioned.  // Community Practitioner;Sep2010, Vol. 83 Issue 9, p8 

    The article reports on the evidence presented by Unite and the Community Practitioners and Health Visitors' Association (CPHVA) to the Independent Public Service Commission (IPSC) which questions the independence of the evaluation of public service pensions.

  • NEWS IN BRIEF: Cost ceilings for public sector pensions.  // Marketing Week (Online Edition);7/21/2011, p2 

    The article informs that scheme-specific cost ceilings for public sector pensions will be imposed by the government of Great Britain to limit taxpayers' exposure to unfunded liabilities.

  • Hotting up: public sector pensions. Cartmail, Gail // Community Practitioner;Sep2011, Vol. 84 Issue 9, p3 

    The author reflects on public sector pension negotiations, in which she mentions that the negotiation brings the unity of unions, however, it brought the division of government ministers.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics