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Bullion

Keywords

Pension, FSS 2020, Nigeria.

Abstract

The Nigerian Pensioner over the years is seen to have been deprived of his/her benefits even after retirement. The inconsistency of payments, corruption and lack of data or payments to Ghost Pensioners was a major setback to the defined benefits pension scheme of the Federal Government. To curtail these challenges, the Federal Government commenced the reform of the sector through legislative reforms to create a robust Pension industry that can meet the needs of all pensioners. This Paper intends to review the Journey So for of the FSS2020 Pension Sector. The paper ls divided into five Sections; Section one deals with the introduction, Section two discusses the overview of the Legal Framework for the Pension industry in Nigeria, 2014 as Amended; Section Three Reviewed the FSS2020 Pension Sector and its achievements; Section Four, discussed the challenges of the Sector and interventions, while Section Five deals with summary, conclusion and recommendation.

Author Bio

The author is a staff of the Financial System Stability, Central Bank of Nigeria.

Publication Title

CBN Bullion

Issue

3

Volume

41

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