Business News Nigeria | Daily Updates | Nigerian News (original) (raw)
BusinessDay
Pension turns lifeline as jobless Nigerians withdraw N12bn to survive
Nigeria's worsening employment and economic challenges are forcing thousands of workers to fall back on their retirement savings for immediate survival, with more than N12 billion withdrawn from pension accounts by unemployed contributors in just three months. Data released by the National Pension Commission (PenCom) shows that 8,082 workers who lost their jobs accessed a combined N12.11 billion from their Retirement Savings Accounts (RSAs) in...
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