The suffering of low-income retirees shows that pension funds are low

For many retired Nigerians, old age is no longer a season of relaxation but of reckoning. After decades of work, countless pensioners now live with the quiet fear of running out of money before the month is out. Their pensions that guarantee dignity barely stretch to cover the costs of food, health care and rent in an economy where inflation erodes savings faster than it can rise. A recent BusinessDay survey of pensioners across the country reveals the harshness of this reality. The questionnaire divided respondents into income bands and asked

For many retired Nigerians, old age is no longer a season of relaxation but of reckoning. After decades of work, countless pensioners now live with the quiet fear of running out of money before the month is out. Their pensions that guarantee dignity barely stretch to cover the costs of food, health care and rent in an economy where inflation erodes savings faster than it can rise. A recent BusinessDay survey of pensioners across the country reveals the harshness of this reality. The questionnaire divided respondents into income bands and asked

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