Nigerian Pension Regulator Allows Full Withdrawal for Low-Income Retirees

Nigerian Pension Regulator Allows Full Withdrawal for Low-Income Retirees

Tunji Andrew, CEO of Awabah, breaks down the announcement by the National Pension Commission (Pencom), allowing low-income earners to withdraw their entire retirement savings in a lump sum. This significant shift, which follows the increase in the National Minimum Wage from N30,000 to N70,000, has raised important questions about the…

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