Retirement time bomb!

•Concerns mount as millions face old age without pension, insurance
 
By Adanna Nnamani and   Henry Uche mercy4henryuc@gmail.com  
Alarm bells are tolling over Nigeria’s retirement system as millions of citizens approach old age without pension or insurance cover like annuity plans, life insurance, health coverage or structured long-term savings.
Economic and social security experts warn that the widening protection gap is pushing many into a future marked by poverty, insecurity and dependence. They maintain that weak coverage and low financial inclusion are recipes for deep social crises if urgent reforms are not implemented to expand access to pensions and strengthen the...