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Nigeria’s micro pension suffers setback on poor savings culture, COVID-19

… as industry generates paltry N24m 18 months after launch

The lack of savings culture among Nigerians and the current economic downturn occasioned by COVID-19 pandemic have frustrated the effective take off and full implementation of the country’s micro pension scheme. As at the end of May 2020, only about N24 million has been generated from the informal sector scheme, a year and six months…

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