15 February 2013

Nigeria: 'Some Pensioners Earn N3000 Monthly'

Pensioners in the country receive as low as N3000 monthly after serving the country for 35 years or above, President of the Nigeria Union of Pensioners (NUP) Comrade Ali Abatcha has said.

Abatcha said the paltry sum is despite the huge amount of money being budgeted and diverted in the name of pension in the country.

"As I am talking to you, there are some pensioners in Nigeria that are earning less than N3000 per month. What is N3000 to a Nigerian citizen especially those who are living in major cities where you cannot rent for N5000 per month," he said.

Copyright © 2013 Daily Trust. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.