Connect with us

NEWS

Don Advocates Sustainable Pension Scheme Reform in Nigeria

Published

on

Share

From Joseph Amedu, Lokoja

Business Administration Expert, Professor Mathew Olasehinde Fashagba at the Federal University, Lokoja has stressed the need for a sustainable Pension reform scheme in Nigeria that would enhance the living standard of the retirees better than the old.

Fashagba stated this while delivering the 25th Inaugural Lecture of the University in Lokoja, with the Theme ‘Retirement Benefit Adequacy’: The Need to Reform Nigeria’s Pension Reform

He said that time has come for Nigeria to look inward for a good Pension System than the old capable of boosting the living conditions of retirees

The Business Administration Guru maintained that is of no use keeping a reform that cannot achieve its goal of taking good care of the retirees

According to him “A good Pension Scheme must be able to provide sustainable income for retirees, ensures that pensioners receive their benefits as at when due and establish uniform payments for all”

Fashagba recommended that “Early access to pension benefits must be reviewed probably from the 50 years in the current Act to not less than 60 years.

“There should be a guaranteed minimum pension for retirees which should be complemented by the government if need be through special legitimized funds created for that purpose.

“Government must provide funds to supplement pension benefits for retirees with little amount into the retirement savings account to ensure that no retiree suffers old age poverty.

“Pension benefit should be seen and accorded the same importance with employee’s wages and be given timely remittance. Government should be able to demonstrate willingness to bring to justice any defaulter of timely remittance.

“Good economic management is paramount to prevent old age poverty. It is the responsibility of the government to ensure stability of the nation’s currency.

“Corruption must be completely eliminated. You would recall that one of the major problems that led to the replacement of the old scheme was corruption. Corruption remains active threat to the success of the contributory pension scheme

“De-politicized the pension system in Nigeria. Computation of Pension, annuity, life insurance etc., require rigorous training not for every Harrison and Dickson on the street but for those with professional training for it. Hence political consideration should be down-played in constituting a pension management team. Undermining professional training and skills for political consideration is akin to a systematic designing of inevitable failure in the pension system.

“Government should enforce compliance on the private organization with more than 15 employees on the compulsory contributory pension scheme as provided by the 2014 Pension Reform Act and show willingness for both public and private organizations to ensure purchase of life insurance policy for all employees as provided in the scheme.

“There must be living wages for the workers if there will be retirement benefits that will preclude old age poverty. In either case, retirement benefit is a percentage of workers’ emoluments, hence if the wages cannot prevent poverty for workers, definitely,  pension that is a percentage of it will not prevent poverty at old age”

“When an Act is passed but fails to achieve its objectives, it becomes necessary to review it urgently.

“In the case of Nigeria’s Contributory Pension Scheme, the Act has not successfully provided adequate retirement benefits. This reality is undeniable”

In his welcome address, the Vice Chancellor of the Federal University, Lokoja, Professor Olayemi Akinwumi, said that Inaugural Lecture is an academic tradition and essential part of the university’s culture aimed at showcasing the guest lecturer’s knowledge in his discipline in course of his academic journey.

“It also engages the public on critical society issues for better understanding and accomplishments” the VC said.

He described pension as financial security for retirees to sustain their living conditions after retirement.

He congratulated Prof. Fashagba for living up to expectation in his academic discipline.

NEWS

Nigeria Customs Service Foils Smuggling Attempts, intercepted PMS worth over 95 million in Adamawa.

Published

on

Share

From Yagana Ali Yola 

The Nigeria Customs Service, Zone D, Adamawa State, has made significant seizures of petroleum products and arrested suspects in various smuggling operations. 

The seizures include 2,276 jerricans of Premium Motor Spirit (PMS) and 19 jerricans of Automotive Gas Oil (AGO), with a total Duty Paid Value (DPV) of ₦95,695,000.

The controller general of custom Bashir Adewale Adeniyi , who was represented by the commander operations whirlwind 

HK Ejibunu said the smuggling operations were intercepted at various notorious smuggling flashpoints, including Malabu-Belel Axis, Girei-Wuro Bokki Axis, Gurin-Fufore Axis, Jamtari Axis, Maiha Axis, Jimeta Waterside, and Mubi-Sahuda Axis.

 

The petroleum products were carefully concealed and being prepared for illegal export or distribution to neighboring countries.

Earlier in his welcome address the controller Nigeria custom Adamawa/ Taraba command HB Bashir call on good people of Adamawa state to cooperate with the command in other to bring to an  end  the activity of the Economics saboteurs who snuggled PMS to the neighboring country of Cameron  at detriment of Nigerian.

However, the Nigeria Customs Service reported a disturbing incident of a violent mob attack on its operatives while on duty. The officers were ambushed by violent mobs and smugglers who barricaded access roads and assaulted the officers. One of the attackers was fatally injured during the chaos.

The smuggling of PMS not only results in revenue loss for the country but also puts additional pressure on the already strained fuel supply chain. The Nigeria Customs Service is committed to curbing such illicit activities that threaten national security.

The Service is working with relevant security agencies to identify and bring all perpetrators to justice. The public is urged to support law enforcement activities by providing timely intelligence and standing against such wicked acts and criminalities.

The Nigeria Customs Service remains committed to its mission of protecting the nation’s borders and preventing economic sabotage. The Service condemns the violent attack on its operatives and reiterates its zero-tolerance stance toward violence and obstruction of official duty.

ReplyReply allForwardAdd reaction
Continue Reading

NEWS

Group Empowers Women in 12 Akwanga Communities with Poultry Items.

Published

on

Share

From Abel Zwanke, Lafia 

As part of its ongoing efforts to promote grassroots entrepreneurship and self-reliance, the Community Initiative for Character Moulding and Entrepreneurship Development (CiCMED), under its Future Planter Happy World Project, has empowered women in 12 communities across Akwanga Local Government Area of Nasarawa State with poultry starter kits.

The one-day community engagement, themed “Building Self-sufficiency and a Brighter Future for Nigerian Mothers and Children (Happy World),” was designed to equip rural women with the resources needed to establish and sustain small-scale poultry farming ventures.

Beneficiaries received 240 Nuellas (pullet chicks), poultry drinkers and feeders, and bags of chicken feed to aid their startups.

Speaking during the one Day distribution exercise on Wednesday, the programme coordinator, Mr. Kefas Tigga, said the empowerment was a deliberate effort to build economic resilience among women, particularly in underserved communities.

“This project is a response to the need for sustainable empowerment. We believe that by equipping women with these poultry items, they can generate income, support their families, and contribute meaningfully to local food production,” Tigga stated.

He acknowledged the vital support of Rt. Hon. Musa Ahmed Mohammed, the Nasarawa State Accountant General, who also holds the traditional title of Baraden Nasarawa, for his unwavering commitment to community development.

“We’re grateful to Rt. Hon. Musa Ahmed Mohammed, the Nasarawa State Accountant General, for his continued support for initiatives that promote economic growth and social impact at the grassroots,” he added.

One of the beneficiaries, Mrs. Amina Adamu, expressed her gratitude, describing the project as a life-changing intervention.

“This is the kind of support we need. With these birds and feeds, I can start something immediately. I’m very grateful,” she said.

CiCMED reaffirmed its dedication to closely monitoring the beneficiaries’ progress and pledged to extend the Future Planter Happy World Project to more communities across the state.

Continue Reading

NEWS

Hepatitis: FCTA  Screens  Food Handlers

Published

on

Share

By Laide Akinboade, Abuja

In order to safeguard public health and food security in the Federal Capital Territory (FCT), the FCT Administration (FCTA) will soon commence a comprehensive hepatitis screening of food handlers, especially those working in restaurants, markets, bakeries, canteens.

The initiative is aimed at preventing hepatitis and other foodborne diseases, thereby protecting public health and empowering food businesses to operate with enhanced confidence and credibility.

This was contained in the FCT Minister, Nyesom Wike’s goodwill message, marking the World Hepatitis Day 2025.

The goodwill message delivered on behalf of the Minister by the Mandate Secretary, Health Services and Environment Secretariat, Dr Adedolapo Fasawe, reads in part, “Hepatitis A and E, primarily transmitted through contaminated food and water, can rapidly spread through poor hygiene practices, posing serious risks in our rapidly expanding and cosmopolitan city of Abuja.

 

“Furthermore, Hepatitis B and C, predominantly spread through blood and bodily fluids, still pose a risk in food environments where open wounds or poor hygiene are present.”

The FCT Minister described food handlers as an overlooked group whose role is pivotal in safeguarding public health.

“Therefore, the FCT Administration, committed to safeguarding public health and food security, is launching a strategic initiative to enhance food safety through comprehensive hepatitis screening of food handlers. This ambitious initiative is being scaled up through an innovative Public-Private Partnership (PPP) consortium, in alignment with the National Policy on Food Safety and Quality.

“This PPP consortium will combine efficiency, technical expertise, and funding capacity of the private sector with government oversight to implement regular and mandatory Hepatitis B and C screening for all food handlers within the FCT

“We urge all stakeholders, government agencies, private enterprises, healthcare providers, and food industry operators to actively support this transformative initiative through the mandatory hepatitis screenings for food handlers, promotion of free and effective Hepatitis B vaccination at public health facilities, enforcement of standardized food safety training inclusive of hepatitis awareness, rigorous enforcement of licensing, hygiene inspections, and medical screening requirements for food vendors and handlers and raising awareness and compassionately addressing the stigma surrounding hepatitis.

“To us, food handlers are not just service providers, they are essential public health stewards. Simple, consistent, and safe hygiene practices can significantly reduce hepatitis transmission.

“Therefore, let us break the silence. Hygiene cannot wait. Screening cannot wait. Action cannot wait. Together, let’s ensure that the FCT leads by example, turning our food industry into a symbol of health, safety, and excellence.”

ReplyReply allForwardAdd reaction
Continue Reading

Advertisement

Read Our ePaper

Top Stories

POLITICS7 hours ago

ADC will Give Us The Nigeria Of our Dream — FMR Governorship Candidate 

ShareBy Ene Asuquo, Calabar   A former Governorship Candidate in the 2023 elections in Cross River State, Mr Effiong Efa Nyong...

NEWS9 hours ago

Nigeria Customs Service Foils Smuggling Attempts, intercepted PMS worth over 95 million in Adamawa.

ShareFrom Yagana Ali Yola  The Nigeria Customs Service, Zone D, Adamawa State, has made significant seizures of petroleum products and...

NEWS9 hours ago

Group Empowers Women in 12 Akwanga Communities with Poultry Items.

ShareFrom Abel Zwanke, Lafia  As part of its ongoing efforts to promote grassroots entrepreneurship and self-reliance, the Community Initiative for...

JUDICIARY9 hours ago

Kwara Court Sentences Abdulrahman Bello to Death by Hanging for Murder of Hafsoh Lawal. 

ShareFrom Abdullahi Abubakar, Ilorin.  A Kwara State High court sitting in Ilorin has sentenced Abdulrahman Bello, a self-acclaimed cleric and...

NEWS10 hours ago

Hepatitis: FCTA  Screens  Food Handlers

ShareBy Laide Akinboade, Abuja In order to safeguard public health and food security in the Federal Capital Territory (FCT), the...

NEWS10 hours ago

NYSC Members Honor Council Chairman, Commend Mbah for Security, Good Governance

ShareFrom Sylvia Udegbunam Enugu  The outgoing 2024, Batch “B”, Stream Two of the National Youth Service Corps (NYSC) members serving...

NEWS10 hours ago

Staff of Dangote Cement Plc, and its distributors cheering the company at the ongoing Africa International Housing Show in Abuja…Thursday

ShareDangote Advocates Budget-Friendly Mass Housing for Nigerians Dangote Cement Plc has urged stakeholders in the housing industry to consider budget-friendly...

NEWS11 hours ago

Courts Remand El-Rufai Supporters, Other Suspected Burglars of SDP Secretariat in prison

ShareBy Mike Odiakose, Abuja Federal Capital Territory (FCT) Magistrate Courts in Kuje and Karu have remanded the eight suspected burglars...

NEWS11 hours ago

FRCN Appoints Victorson Agbenson General Manager Bronze FM, Benin City

ShareBy Mike Odiakose, Abuja In a major move to reposition the stations of the Federal Radio Corporation of Nigeria (FRCN)...

NEWS14 hours ago

ADB to Join Groundbreaking Ceremony of Special Agro-Industrial Processing Zone in Oyo State

ShareBy Mike Odiakose, Abuja The Federal Government of Nigeria and the Oyo State Government will be joined by the African...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc