Economic Empowerment From the Ground Up: SINNTS and Grassroots Finance
July 4, 2026The Role of Technology in Driving Governance Reform
July 4, 2026
Introduction
Pension and social security systems are critical for protecting citizens in old age and during difficult times. Nigeria’s current systems are weak, underfunded, and poorly managed.
Ensuring Timely Payment of Pensions
Many retirees suffer because of delayed or unpaid pensions. Reforming the system to ensure regular and timely payments will improve the welfare of senior citizens.
Expanding Coverage of Social Security
A large percentage of Nigerians, especially those in the informal sector, are not covered by any form of social security. Expanding coverage will help reduce poverty and vulnerability.
Strengthening Management and Investment of Pension Funds
Poor management of pension funds has led to losses in the past. Reforming governance structures and ensuring prudent investment of funds will help secure the future of the pension system.
