Towards a Sustainable Social Security in Nigeria

“A comprehensive social security in Nigeria has the potential to significantly reduce
economic insecurities and enhance economic efficiency, equity, growth, and stability given the dismal socio-economic statistics as captured by human development, human poverty, and the gender-related indices. In the Nigerian framework, this would require integrating social insurance and social assistance. Thus, the PRA 2004 can be adjusted to include a higher retirement age for formal white-collar workers since their jobs are less physically demanding compared to blue-collar workers. Generally acceptable best practices should be employed in planning, implementation, and control of a
comprehensive social security system in Nigeria via accountability, transparency, and
probity to reduce corruption and poverty while enhancing equity, efficiency, growth, and stability.”