Three years on, Nigeria’s micro-pension targeting informal workers struggles to thrive
Three years on, Nigeria’s micro-pension targeting informal workers struggles to thrive
The Nigerian government’s ambition of urging informal sector workers to save for retirement when they could barely earn enough to survive today, amid growing poverty and rising cost of living, is delivering a predictable outcome. The government hopes to enroll 8 million people in five years but in three years it has only managed to register 77,689, less than one per cent of the projected figure.