Nigerian government to address pension backlog through capital market funds, after protests.

Nigerian pensioners have been protesting for over a year demanding payment for their unpaid pension benefits. Minister of Finance, Wale Edun, announced that the government will begin addressing the backlog next week, planning to clear the arrears through a financial instrument from the capital market. Pensioners, who have not received payments for up to 20 months, claim the delays have caused severe financial hardships.

November 12, 2024
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