Assessment of the Willingness of Ebonyi State Government to Adopt the Contributory Pension Scheme in Nigeria

JOSHUA O. NWEKE

Abstract


In the year 2004 Nigeria keyed into the contributory pension scheme. This was precipitated by the daunting challenges pensioners face in accessing their pensions under the non-contributory pension scheme which was introduced in 1979 by Act 102. The major challenges that confronted the non-contributory pension scheme were embezzlement of pension funds, and delay in the payment of retirement benefits to retirees and on time. These negatively affected the welfare of retirees. This study reviewed reasons why Ebonyi State government was stuck with the non-contributory pension scheme despite these challenges. The study was conducted in Ebonyi State and the study population was made up of 108 staffs of the Department of Pension’s, office of the Head of Service and staff of the Sub-Treasury, Ebonyi State Ministry of Finance. Questionnaire was administered to 108 respondents, out of which 85 were returned. Data generated reveal government’s unwillingness to submit for passage the contributory pension bill to the Ebonyi State House of Assembly (51.8%) and excessive bureaucracy in the adoption of the contributory pension scheme (60%), that contributory pension scheme is difficult to manage (56.5%) and so forth   as reasons why government has refused to introduce the contributory pension scheme. The study recommends the adoption of the contributory pension scheme as alternative to the challenges pensioners face in the management of the non-contributory pension scheme in Ebonyi State Nigeria.


Keywords


Government; Non-contributory; Pensions; Retirement and unwillingness

Full Text:

PDF

References


Abu, A., & Musari, A. (2012, March 27). EFCC seizes pension ex-boss property over N4.5billion scam. The Guardian Newspaper, 29(12), 1-4.

Adegoke, N. (2006). Life after retirement, the new contributory pension scheme included. Lagos: Nade Nigeria Ltd and Williams Nigeria Ent.

Adewole, L., & Idoko, C. (2012, April 20). FG suspends permanent secretary and four others over N32.8 billion pension scam. The Nigerian Tribune, 1-2.

Ake, C. (1985). The future of the state in Africa. The International Political Science Review, 6(1), 105-114.

Alli, Y., & Onogu, S. (2012, March 19). We looted N14.3billion pension cash, suspects confess. The Nation Newspaper, 7(2069), 1-4.

Anikpo, M. (1996, February 29). Hegemonic legacies: Issues in the sociology of Nigeria’s underdevelopment, an inaugural lecture delivered at the University of Port Harcourt.

Chizueze, N. C. et al. (2011). Contributory Pension Scheme, workers commitment, retention and attitude towards retirement in the Nigerian civil service in the Global. Journal of Management and Business Research, 11( 4).

Dike, C. (2007). Understanding the Nigerian pension reform. Enugu: Providence Press Nigeria Ltd.

Evans, M. (1975). Karl Marx : London.

Jonathan, G. (2009). Nigeria: The fear of retirement. Daily Trust. On line available at http://allafrica.com/stories/200910050548.htm 1. Retrieved 20/9/10.

Maina, A. (2012, March 1). The National Mirror News Paper.

Nwalo, N. B. (2007). Pension administration in Nigeria, problems and prospects. Abakaliki: Willyrose and Appleseed Publishing Co.

Obasanjo, O. (2001, September 11). An address at the opening of the national workshop on pension reform in Nigeria. Abuja.

Obasanjo, O. (2004). The Obasanjo Reform: Contributory pension scheme. Abuja: Federal Ministry of Information and National Orientation.

Ogumbameru, O., & Bamiwuye, S. (2004). Attitudes Towards retirement and pre-retirement education among Nigerian Bank workers. In Onyeonoru, P. I. (2011). Social policy and the retirement of welfare state in Nigeria: Between the old and new Pension Schemes and lessons from the Nordic model cited in December at www.ccc.umontreal.ca/rc19/PDF/onyeonoru-^RC192009.pdf

Ogunbameru, A. O. (2003). Research methods in social sciences. Hommer – Saak Norway: D-Net Communications E-Press Vidjeveien.

Onwe, A. P. (2011). Life after work: essentially for public servants who desire to retire happily and self-fulfilled. Enugu: Black Belt konzult Ltd News paper.

Onyeonoru, P. I. (2011) Social Policy and the retirement of welfare state in Nigeria: Between the old and new Pension Schemes and lessons from the Nordic model cited in December. Retrieved from at www.ccc.umontreal.ca/rc19/PDF/onyeonoru-^RC192009.pdf

Oshiomole, A. (2009). The inevitability of the contributory pension system: Opportunities and challenges. Paper Presented at the National Conference on the Review of the Implementation of the Pension Reform, Jointly Organized by the Senate Committee on Establishment and Public Service, the House of Representatives Committee on Pensions and the National Pension Commission, 19-20 May, at the Transcorp Hilton Hotel, Abuja.

Oviomo, E. E. (2007), Retirement and associated problems in Nigeria: the way forward. Ibadan: Cardinal Publishers Pension Reform Act 2004.

Uzoigwe, C. N. C. (1979), Retirement management without tears. Owerri: Esther Thompson Publishing Company.

Yaro, Y. (1967). Statistics: An introductory analysis (2nd ed.). New York: Harper and row.

qualitative analysis of circumstances and consequences in Thailand”, Population Studies




DOI: http://dx.doi.org/10.3968/%25x

Refbacks

  • There are currently no refbacks.


Copyright (c)



Reminder

  • How to do online submission to another Journal?
  • If you have already registered in Journal A, then how can you submit another article to Journal B? It takes two steps to make it happen:

1. Register yourself in Journal B as an Author

  • Find the journal you want to submit to in CATEGORIES, click on “VIEW JOURNAL”, “Online Submissions”, “GO TO LOGIN” and “Edit My Profile”. Check “Author” on the “Edit Profile” page, then “Save”.

2. Submission

Online Submission: http://cscanada.org/index.php/css/submission/wizard

  • Go to “User Home”, and click on “Author” under the name of Journal B. You may start a New Submission by clicking on “CLICK HERE”.
  • We only use four mailboxes as follows to deal with issues about paper acceptance, payment and submission of electronic versions of our journals to databases: caooc@hotmail.com; office@cscanada.net; ccc@cscanada.net; ccc@cscanada.org

 Articles published in Canadian Social Science are licensed under Creative Commons Attribution 4.0 (CC-BY).

 

Canadian Social Science Editorial Office

Address: 1020 Bouvier Street, Suite 400, Quebec City, Quebec, G2K 0K9, Canada.
Telephone: 1-514-558 6138 
Website: Http://www.cscanada.net; Http://www.cscanada.org 
E-mail:caooc@hotmail.com; office@cscanada.net

Copyright © Canadian Academy of Oriental and Occidental Culture