Connect with us

Features

Fubara’s Victory And Democratic Dividends

Published

on

Thursday January 25, 2024 remains a watershed in the annals of the political history of Rivers State since its creation in 1967 as the apex court in Nigeria, the Supreme Court,  laid to rest the tortous and cogging legal battles that added to the distractions of the  administration of Gov. Siminalayi Fubara, the Executive Governor of Rivers State.
Sir Fubara had assiduously and dexterously grappled with the challenges attendant on the legal battles within the last eight months.
The All Progressives Congress (APC)   governorship candidate in Rivers State in the March 18, 2023 Governorship Election, Architect Tonye Cole had challenged the  judgement of the Appeal Court which revalidated the election of Sir Fubara as declared by the Independent National Electoral Commission (INEC), and upheld by the Governorship Election Petition Tribunal.
Arch. Cole, prayed the Apex court to sack Gov. Siminalayi Fubara as Governor
However, in a unanimous decision the five man panel of the Supreme Court whose lead judgement was read by Justice Ibrahim Saulawa held that the All Progressive Congress governorship candidate in the March 18, 2023 Governorship Election for Rivers State failed to prove his allegations that there was non-compliance with the Electoral Act during the election.
Architect Cole had alleged that the election was marred by irregularities and that Fubara did not validly resign his previous position as required by law.
Recall that the Governorship Election Petition Tribunal and the Court of Appeal had dismissed Architect Tonye Cole’s suit for lack of merit.
Consequent upon his victory at the Supreme Court, the Rivers State Governor, Siminalayi Fubara expressed optimism that the judgement “marks the end of distraction”.
According to him, the Supreme Court’s revalidation of his mandate in the March 18, 2023 Governorship Election was a “Victory for the entire State”, adding that it is a refreshing strength that will encourage his administration to continue the good work in governance and called on everyone to join hands with his administration to build a competitive state that will be reckoned with as a truly prosperous measure.
The Governor Fubara affirmed his commitment to provide the basic need of governance to everyone who is doing business and who lives in Rivers State.
Describing the legal contest at the Supreme Court as  an elephant, the governor hoped other challenges his administration was facing would be settled peacefully. “One elephant is out of the road, the other one, by God’s help, will be resolved amicably and the family will be one”, the Governor Fubara expressed hope.
He told Rivers people to expect accelerated growth and development of the State with the legal battles challenging his elections now over.
In a State-wide Broadcast on Friday, January 26, 2024  following the affirmation of his electoral victory by the Supreme Court of Nigeria on Thursday, Governor Fubara dedicated his victory to God and to the good people of Rivers State.
He reflected that the litigation experience was a tortuous journey that had now validated the choice and eventually confirmed the mandate freely given to him by the electorate.
“It is with a great joy and total deference to the Almighty God that I address you after a tortuous legal journey following the governorship election in our State.
“It is with great nostalgia I reflect on your trust and the absolute confidence you bestowed on us on that fateful March 18, 2023 when you gave us your mandate. Even with that overwhelming support, we had to go through litigation to validate your choice and confirmation of your mandate to us.
“We are deeply elated by the verdict of the Supreme Court of our dear nation, which has finally affirmed our victory. I owe this victory, not to my efforts or our ingenuity but to God and to you the good people of Rivers State.”
The governor said the Supreme Court ruling “is an immeasurable energizer to accelerate governance with utmost sense of commitment for the benefit of all Rivers people irrespective of political persuasion or ethnic affiliation.
“In this regard, what is important to us is the accelerated growth and development of our dear State.
“Now that the litigations are over, we call on the opposition political parties in the State to join hands with our government to build the Rivers State of our dreams.
“I extend the olive branch to my contenders and all others who went through the hog and or who withdrew their cases for the love of the State.
“I believe we are all Rivers people and by virtue of that brotherhood, let us therefore, put aside our differences and bond together to build one indivisible and greater Rivers State that posterity will remember us for.”
According to a statement by, Boniface Onyedi, the Senior Special Assistant to the Governor on Media, Governor Fubara assured that despite the challenges, his administration will continue to explore the path of peace as sure foundation upon which to pull the people out of poverty.
As the governor of the State, Sir Fubara vowed to achieve a greater Rivers State continuing on the path taken in the last seven months of his administration.
Reacting to the revalidation of the Governor Fubara’s Election by the Supreme Court, the Ijaw Wari Worldwide
said the “victory is a validation of the mandate of Rivers people that was given to Sir Siminalayi Fubara as demonstrated in their overwhelming vote for him at 2023 Governorship election in Rivers State.
“Today’s victory at the Apex Court has put a seal to the determination by the Rivers people to end hitherto the reign of oppression, dehumanisation and subjection to slavery in their own land.
“The victory upholds the campaign for the liberation of Rivers people from the shackles of poverty, illiteracy, diseases, hunger and deprivation which they have suffered in the past eight years under a draconian administration”, the Organisation said.
The Forum expressed confidence in the ability of  Sir Siminalayi Fubara, to deliver the true dividends of democracy to the people of the State.
“We are confident that this victory will give our dear Governor the opportunity to do more in terms of driving his lofty human and capital development blueprint as clearly captured in the 2024 budget for the interests of the various segments of society in our dear state.
“We heartily commend our dear Governor, Sir Siminalayi Fubara, for his finesse, uncommon virtue of patience and peaceful disposition even in the face of provocative behaviours by some disgruntled political elements in the State.
“While we restate our unalloyed support to the government of His Excellency, Sir Siminalayi Fubara, we also call on those on the side of the opposition to shun every form of political crisis and join hands with the peace loving Governor to put Rivers State on the fast lane of meaningful development”, the statement said.
Similarly, the umbrella union of members of the Fourth Estate of the Realm- the Rivers State Council of the Nigeria Union of Journalists (NUJ), said the   ”judgment of the Apex court has finally put to rest the prolonged legal battle arising from the outcome of the governorship election in the state”.
In a statement jointly signed by its Chairman, Comrade Stanley Job Stanley and Secretary, Comrade Ike Wigodo, Journalists’ union described the Supreme Court’s declaration as a confirmation of the people’s trust and mandate freely given to the governor.
The statement appealed to Governor Fubara to be magnanimous in victory and also see his victory at the Apex court as a birthday gift to him and the good people of Rivers State and   urged the governor not to be distracted by political opponents but  focus on delivering good governance to the people of Rivers State.
While  advising the opponents to accept the Supreme Court’s judgement in good faith and join hands with the government to move the State forward, Journalists       urged the “people of Rivers State, especially the political class, to put all that happened during and after the elections in the State behind them and support the Siminilayi Fubara-led government to succeed and make Rivers State a better place for all”.          For its part, the Uzugbani Ekpeye, Ekpeye People’s General Assembly said, “the judgement has no doubt, put to an end the tension that arose in the State and Rivers people can now experience relative peace.
The Socio-cultural organisation noted with gladness the delivery of democratic dividends witnessed in the last couple of months by Governor Siminalayi Fubara.
According to a statement by Ogboka Chris Umeda, Publicity Secretary of the Uzugbani Ekpeye, “Ekpeye people are happy with the Rivers State Governor and are confident that the State Chief Executive will deliver more for the prosperity of our dear State.
“While appealing to all sons and daughters of Ekpeye and indeed, Rivers State to rally round and support the governor, Uzugbani Ekpeye calls on Sir Siminalayi Fubara to be magnanimous in victory by carrying everyone along in the scheme of things”, the Organisation said.
Governors elected on the platform of the People’s Democratic Party (PDP) were also excited and elated at the victory of Gov. Fubara at the Supreme Court. A statement by the Governorship Forum led by Senator Bala Abdulkadir Mohammed described the verdict of the apex Court as a “testament to the people’s will”, acknowledged the unwavering support of the people of Rivers State to the People’s Democratic Party and the State Governor in the March 18, 2023 Governorship Election and commended the Supreme Court justices for upholding democracy and respecting the voice of the electorate.
Meanwhile, a group the Rivers Peace Initiative, has called for “Adoption Of No Victor, No Vanquished” approach to the judgement of the Supreme Court, saying the judgement marked a pivotal moment for Rivers State.
In a statement the convener of the Group, Obinna Ogbogidi said, “Indeed the unfortunate activities of the last few weeks have left our State tensed and sharply polarised many Rivers people along party and ethnic lines as have never been seen in our shared   history.
“But as we navigate through the decision of the apex court today, it is important that we unite in a shared commitment to peace, understanding, and a collective pursuit of justice for all.
“We must adopt the “No Victor, No Vanquish” option to enable us see through the peculiar situation we find ourselves. For those who were not favoured by the Judgment, let’s sheath our swords in the bigger interest of our State and to those who were favoured, please remember that we are all one, and extend the olive branch in its true sense.
“The Supreme Court ruling does not also call for unwarranted celebration knowing that this is simply a resolution of a difference between brothers.
We all know that the happenings in our State today, transcends political and party lines. It is obvious that our economy and social lives are seriously impacted negatively as a result of the seeming lack of security occasioned by this unsettled political waters. The fear in the State and negative impact knows no party, religious or ethnic affiliations and hence it requires our collective resolve.
“In the light of this, we call on our politicians to refrain from using inflammatory, derogatory and vexing words to avoid heating up the political and socio-economic landscape of our state. We must realise that everything in life has got its time and season. If the dispensation is not favorable to you today, it is not the end of life. We must take it as a point of duty to educate our supporters on the need for peace irrespective of the Supreme Court Judgement which has now affirmed Sir Fubara as our duly elected Governor.
“There is need to stop forthwith, the obnoxious attacks and disparaging remarks on the revered office of the Governor of Rivers State”, the statement enjoined”.
Now that the major legal battle is over, the Rivers State Governor should be allowed and supported to pursue the actualisation of his campaign promises and vision for Rivers State and the people.
Already, in his broadcast to the people of Rivers State on Friday January 26, 2024 Governor Fubara said his administration had recorded remarkable achievements in the areas of human capital development, social investment engineering, infrastructural development, micro and macroeconomic advancement and sustainable socioeconomic development across sectors.
“In addition, we have made some substantial progress in infrastructure, housing, security, urban renewal development as well as rural healthcare. We intend to sustain the tempo and expand the development net in the great ride to prosperity in our State”, the Rivers State Executive Governor said.
Now that a major “elephant is out of the road” toward the development of the State, enemies within, and opposition should see the collective interest of the State as supreme and overriding. Rather than fan the embers of crisis and sowing the seeds of acrimony through unnecessary activities and antics, they should synergise with the State Governor on moving the State forward.
The interest of Rivers State should be considered paramount. The opposition and household enemies should borrow a leaf from the Architect Tonye Cole, the defeated Candidate of the All Progressives Congress in the March 18, 2023 Governorship Election who has since congratulated the State Governor, Sir Fubara on his victory. He has also demonstrated interest and commitment in  driving investment and development of Rivers State.
According to Tonye Cole: I accept the Supreme Court’s decision without reservation understanding that it is in line with what God wants at this time. I pledge to collaborate with all well meaning individuals in and out of Government to revive Rivers State to a place where commerce and development thrives and people can live harmoniously in peace. I extend my hand of fellowship to the Government and people of Rivers State.
No doubt, those are words of a true and selfless Rivers man who subsumed his interest under the collective interest of the State to foster development, peace and progress.

Igbiki Benibo

Continue Reading

Features

Vocational Education And Nigeria’s Economy

Published

on

The importance of vocational training to the development of any nation cannot be over emphasised. Technical education experts define vocational education as any form of educational program or course that focuses on teaching the specific skills and knowledge required for a particular job or trade. Unlike traditional academic education, which is often broader and theoretical, vocational training is practical, hands-on, and tailored to prepare individuals for specific careers or industries. They also argue that the dearth of trained vocational and middle-level technical manpower represents a very serious gap in the development of third-world countries, including Nigeria. This argument, perhaps, underscores the Federal Government’s bold move towards educational reforms in Nigeria which includes the inculcation of vocational education into the schools curriculum as a way of equipping students with practical skills and enhancing their employability.
A recent statement released by the National Orientation Agency (NOA), indicated that the government has added 15 vocational subjects to the Basic Education curriculum. These additions which take effect from January, 2025, they said, are designed to promote hands-on learning and better prepare students for the job market. The new subjects include: Plumbing, tiling and floor works, POP installation, Event decoration and management, Bakery and Confectionery, Hairstyling, Makeup, Interior Design, GSM Repairs, Satellite/TV Antenna Installation. Others are: CCTV and intercom installation and maintenance, solar installation and maintenance, garment making, agriculture and processing, which covers crop production, beekeeping, horticulture, and livestock farming (e.g., poultry and rabbit rearing) and Basic Digital Literacy, incorporating IT and robotics.
The former Minister of Education, Prof Tahir Mamman, who earlier hinted on the new curriculum for basic schools during a meeting with stakeholders in Abuja, last October, said under the new curriculum, pupils in basic schools will be required to acquire at least two skills. According to the former minister, “The idea is that by the time children finish school, they should have at least two skills. Students should be able to finish school with a minimum of two skills so that they can have a very productive life. “The basis for the curriculum is the National Skills Framework, and it has been approved. It’s a very big project; it affects all schools in Nigeria, public and private.“Whether in the public sector or private sector, all schools are going to implement it. So, this is already determined. It doesn’t require anybody’s consent or any institution can depart from it.
Speaking on implementation, the Mamman said, “We do not expect comprehensive, full implementation from January because, when you roll out something new, there’s a lot of preparation that has to take place by the schools, acquiring new things, equipment, and small things that they will need,” adding that plans were underway to ensure teachers were well-equipped for the new curriculum. He also spoke on the benefits of the curriculum, noting that it would rekindle the desire of parents and students to acquire formal education. Hear him, “Some parents do not want to send their children to school. Right now, part of the problem why schooling has become unattractive is because people finish and there’s no change in their lives. “They cannot be employed. They can’t do anything on their own. So, parents question the value of spending money to send their children to school. “Now it’s going to change that game altogether.
And we have seen how these things resonate with parents. When they are successfully implemented, you will see students will want to run to school every morning. Parents want to take their children to school because they are learning practical things while in school.”The Acting Executive Secretary of the Nigerian Educational Research and Development Council, Dr Margret Lawani, had also disclosed during the same event that the newly introduced subjects fell under the vocational and entrepreneurship studies framework, which has been designed to expose pupils to various trades across multiple sectors. In the views of some vocational training experts, the decision to include vocational education into the basic school curriculum is plausible as it comes at a time when the nation’s education system is facing mounting criticism for its inability to adequately prepare students for real-world challenges.
They opined that by introducing vocational training at an early age, Nigeria has an opportunity to bridge the gap between formal education and practical skill acquisition. They however noted that the success of this initiative hinges on thoughtful implementation and sustained support. “The problem of Nigeria has never been a dearth of ideas or policies on how to move the country forward. In the past some educationists came up with the idea of 6-3-3-4 system of education whereby Students would be taught introductory technology and other forms of vocational skills at the junior secondary school level to better equip them for the real world in future. What happened to that brilliant idea? How many schools have well-equipped laboratories and well-trained teachers to handle these technical and vocational subjects? “The idea of setting up technical schools and polytechnics across the country is for them to serve as a grooming ground for young Nigerians in the area of technology.
How has the government, both federal and states, supported these schools to succeed? So, our problem is lack of implementation, fragmented policies and lack of sustenance not lack of ideas”, posited one expert. He advised that for the new curriculum to bear positive fruits, the government must take time to sensitize heads and owners of schools, teachers, parents and pupils of both public and private schools on the importance of the subjects and assist the schools in acquiring the necessary equipment and tools for the smooth running of the curriculum. “These subjects being introduced cannot be taught only theoretically as we are used to in this country. They require regular practical classes which will cost some money. Government, via the ministries of education, must vote out money for these practical classes and be ready to supervise schools to ensure that they are doing the right thing,” he added
Noting the importance of vocational training in today’s Nigeria where the rate of unemployment is high, Mr. Abel Ikiriko, a basic technology teacher in a Private School at Trans Amadi, Port Harcourt, regretted that vocational training is often seen as a last resort for those who fail academically, leading to low enrolment. He said, “I say this because I am a teacher and I know what we see in school every day. When these vocational subjects are introduced, you will see parents who will go to their children’s schools to make trouble because the children are compelled to learn maybe Hairstyling or something like that. Every parent wants their children to be doctors, lawyers, engineers and other professions and never skilled persons because for our society, skilled jobs are for the dullards.” “One of the most pressing issues in our labor market is the skills gap. Employers often struggle to find workers with the right skills, despite high unemployment rates. Yet many youths are not willing to be trained in a vocation. They prefer to search for the unavailable white-collar jobs. So unfortunate,” he continued.
Ikiriko said that the inclusion of vocational training in primary schools has benefits that extend beyond future job prospects. “Hands-on activities help children develop critical thinking, problem-solving, and creativity—skills that are essential in any field. Vocational subjects can also provide an alternative pathway for students who may not excel in traditional academic subjects, ensuring that no child is left behind in the education system. Moreover, these subjects can instill a sense of dignity in manual labor and shift societal perceptions about the value of skilled trades.”He advocated for public awareness campaigns so as to change perceptions about vocational education, and showcase its potential to lead to successful careers. Mrs. Meg Amadi, a mother of three pupils is concerned about the curriculum of the primary schools being overloaded, stressing that that is a potential risk.
According to her, primary school students are at a formative stage of their development, and overloading them with too many subjects could lead to cognitive fatigue. She maintained that careful planning is required to ensure that the new vocational subjects complement rather than compete with core academic learning; that they are seamlessly integrated into the broader curriculum without overwhelming students. To maximize the impact of this initiative, she offered the following suggestions: the government must invest in training and retraining teachers to deliver vocational subjects effectively, collaborating with vocational training institutes and NGOs for better result; government should begin with pilot programs in select schools to identify best practices and address challenges before scaling up nationwide; the private sector should be engaged to provide funding, equipment, and expertise for vocational training in schools.
Nonetheless, some analysts are of the view that the addition of 15 vocational subjects to the basic school curriculum is a visionary step toward transforming the nation’s education system and improving the nation’s economy. they hold that if implemented effectively, the initiative will equip young Nigerians with the skills needed to thrive in a rapidly changing world while fostering a culture of innovation and self-reliance. They said that with collaborative effort, strategic planning, and unwavering commitment from all stakeholders and the right execution, this bold move could serve as a model for other nations seeking to align education with the demands of the 21st century.

Calista Ezeaku

Continue Reading

Features

A Farewell To Arms In Ogoni

Published

on

For three decades or more, there has been a cessation of oil production activities in Ogoni land. But recent meeting of President Bola Tinubu with notable sons and groups may return Ogoni to renewed oil-production once again. Ogonis are weary of perennial neglect. Days after the meeting, President Tinubu gave a nod to the establishment of a  University of Environmental Technology in Tai in the Ogoni area. He had earlier-on approved appointments into some federal boards in which some notable Ogonis were among the beneficiaries. The President’s actions and speeches so far have indicated good faith and good intentions. This has urged hard-nosed and irrepressible resistant leaders like Attorney Ledum Mitee, one-time President of the Movement for the Survival of Ogoni People (MOSOP), to be in complete agreement with the return to oil production.
He was heard on the news calling on  all well- meaning sons and daughters of Ogoniland to accept the offers coming their way. Many Ogonis however,  are still doubtful about the President’s intentions. They have said it is all geared towards the Federal Government having access to the rich oil and gas deposits in Ogoni soil. There is also distrust by some who have yet to heal from past injustices inflicted on the land by previous governments in cahoots with the oil majors. Since 1993 when oil production stopped in Ogoni land following intensive protests from the Ogoni people, the Nigerian government and the oil majors stopped reaping from millions of dollars in proceeds from the oil and gas. Lawson Hayford, a veteran journalist, who has reported the Niger Delta for over four decades, particularly the Niger Delta and the Ogoni crisis, said Nigeria has lost revenue amounting to over N30 trillion for the 32 years that oil has not been mined in Ogoni land.
Writing in the Southern Examiner, Hayford said, “While oil exploration and production in the Niger Delta region began in the late 1950s, operations were suspended in Ogoniland in the early 1990s due to disruptions from local public unrests with oil fields and installations remaining largely dormant for about 34 years, leading to a loss of revenue of over N30 trillion. “There are a total of 96 oil wells connected to five flow stations across the four local government areas of Khana, Gokana, Tai, and Eleme in Ogoniland. They were being operated by the Shell Petroleum Development Company, SPDC of Nigeria, a subsidiary of the Royal Dutch Shell.” That story is presently being rewritten by the remediation efforts of the Hydrocarbon Pollution Remediation Project (HYPREP) and the work of Prof Nenibarini Zabbey, its Project Coordinator.
“Over 50 communities are now enjoying potable water.” As though this was not magic enough, contractors are working hard toward mangrove regeneration not to leave out empowerment programmes for women and people with disabilities. These are stories too good to be true. In addition, the Petroleum Industry Act has also been introduced to take care of some basic needs of the oil communities, especially by tying development of the communities to the operational budgets of the oil companies. The establishment of a host community development trust as a condition for oil mining license holders regarding community development, may well be the magic wand required to turn things around for the Ogonis. A trying present is most likely to give way to a prosperous future. The future of the land and peoples of oil-bearing communities appear brighter with possibilities within this framework.
Environmentalist and lawyer, Iniro Wills, however, strongly thinks that the community-friendly clause in the PIA is only a tiny drop that cannot quench the thirst of the people’s appetite. Only time will tell. A lot of work needs to be done to bring every party in the Ogoni scenario to the table. Some groups are yet to agree with the return of oil production in Ogoniland, while others do not quite agree with the modus operandi adopted to initiate the process. They would all need to be brought together to ventilate their positions so that everyone is taken along together. Last Saturday, the committee that emerged to kickstart a process of the consultations initiated by President Tinubu convened a meeting at Freed Centre, Bori in the heart of Ogoniland. Though it was well attended, proceedings had to be hurried as a group of protesters stormed the venue.
Blessing Wikina, a long time public communications expert from Ogoni however, noted that the Bori meeting was a good landing. He said he was there. He dismissed the slanted reports about the meeting which he said were done to create social media content. He said in his social media handle that the committee deliberately avoided founding the consultations along old ‘loyalty blocs’ and ‘groups of people with entitlement blood.’ “Every Ogoni was to attend as an individual, not as a member of a camp. This approach meant no one would claim success or failure.”
Several factions exist in Ogoniland, including the leading pressure group, MOSOP, and they all need to get involved in the consultations, including those sulking for not being invited to the Abuja parley with the President.
Factional MOSO President, Fegalo Nsuke, recalled how MOSOP championed the Ogoni struggle from the beginning and wondered why MOSOP was not invited to Abuja or the Bori meeting. Hayford said, “sidelining MOSOP in the move to re-enter Ogoniland for oil and gas production could create distrust in the hearts of the Ogoni people, cautioning against rushing the process in order not to generate tension, anxiety and crisis in the landscape of Ogoni area.” Certain that the current process led by President Tinubu would yield good fruit for the Ogoni, Wikina says, he silently prays that “this oil resumption comes sooner, so that our people will participate in productive ventures around our oil economy…..and get benefits like our brothers in Orashi area, Bonny axis, etc.”
He cast a glance at the Bodo-Bonny road that will link mainland Nigeria with the vital island port of Bonny that is passing through Ogoniland. “Shall we wait, watch, as vehicles drive through here, to where lucrative oil businesses are happening…without our involvement?  Every party will have to sheathe their sword and embrace the ongoing consultation process that will lead to a prosperous future for the land and the people.

Dagogo Josiah, Olayinka Coker and Emmanuel Obe
Josiah, Coker and Obe wrote in from Port Harcourt.

Continue Reading

Features

Contributory Pension Scheme: Time For Review

Published

on

For decades, Nigeria grappled with a pension crisis that left countless retirees in financial insecurity and despair. The unfunded pension system led to delayed payments and inadequate retirement funds, especially for public sector employees. In response, the federal government, under the leadership of former President Olusegun Obasanjo, enacted the Pension Reform Act of 2004, introducing a contributory pension scheme (CPS) designed to overhaul the system and secure a dignified retirement for Nigerian workers.
According to the Pension Reform Act, 2004, Contributory Pension Scheme (CPS) is an arrangement where both the employer and the employee contribute portions of an employee’s monthly emolument towards the payment of the employee’s pension at retirement. The CPS covers employees in the public service of the Federation, Federal Capital Territory, States, Local Governments and private sector organisations with three or more employees.
Only Judicial Officers, members of the Armed Forces, the Intelligence and Secret Services of the Federation; retirees under any pension scheme existing before 30 June 2004; and employees who had three or less years to retire as at  June  30, 2004  were exempted from the scheme.
The objectives of the CPS according to Section 2 of the Pension Reform Act, 2004,  are to ensure that every retiree of the Nigerian Public Service receives his/her retirement entitlements as and when due; assist an improvident person to save against old age; and ensure a uniform set of rules and regulations on issues relating to the administration and payment of pension to retirees.
According to Section 85 of the Pension Reform Act, 2014, which effectively repealed the 2004 Act, “All contributions made under this Act shall be invested by the Pension Fund Administrators with objectives of safety and maintenance of fair returns on amount invested”.
Analysts and some retirees have questioned the usefulness of this section of the Act when the retirees are kept in the dark about the investments made with their contributions and hardly reap the dividend of the investment. A group of retirees known as Contributory Pensions Retirees Forum, recently described the CPS as a “modern day slavery; an instrument of economic annihilation of workers to death in abject poverty after retirement.”
According to them, the CPS denies retirees of a lump sum of their money after retirement and dispenses a paltry monthly pension to retirees across the board. They narrated the case of a retiree who served the Federal Government from July 15, 1981 and retired on July 15, 2016 on salary grade Level 14, having worked for a mandatory period of 35 years and attained the maximum age of 60 years.
For all the years he put in, the total balance standing to his credit was N6,745,823.34. Out of this, he was paid 25 per cent which amounted to N1,686,455.84 while the balance of 75 per cent was retained by Pension Fund Administrator (PFA) for investment in the capital market and other large institutions.  The retiree has been receiving a paltry sum of N26,703.15 monthly since 2016 till date despite the huge profits declared every year from the investment.
“Unfortunately, the sad part of this is that every day prices of goods and services are on the increase.  While workers and retirees under the old scheme – Defined Benefit Scheme had their salaries and pension increased across all levels, we in the CPS are abandoned to our fate. We do not get increase”, lamented a retiree.
A public affairs analyst, Bonny Harrison, described such treatment of the retirees, who spend their active years serving the country as unfair and inconsiderate, noting that such attitude will discourage the people still in service from putting in their best. “They may be lured into bribery and corruption, knowing that the country will not cater for them when they retire”, he opined.
Section 7, Sub Section 1, Paragraph (a) of the Pension Reform Act, 2014 provides that unlike the former Defined Benefit Scheme, the CPS is to be jointly funded by both the employer and the employee. Each worker has an individual Retirement Savings Account (RSA) with a Pension Fund Administrator (PFA).
It also made provision for state governments to migrate to the CPS and stipulates that employees contribute eight per cent of their monthly earnings, and employers add 10 per cent, totalling 18 per cent of the employee’s monthly income. The funds are managed under the oversight of the National Pension Commission (PenCom), with the aim of ensuring transparency and accountability.
Two decades down the road, getting the state governments to key into the scheme has been a Herculean task. Reports show that only about five out of the 36 states in the country have fully complied with the CPS Act. Some have not even enacted their CPS laws while some enacted the law without contributing anything to their workers’ RSA.   PenCom and Pension fund operators have reportedly made frantic efforts to have them key into the scheme since 2014 but that yielded little or no results.
A recently retired civil servant in Rivers State narrated that the past governments in the states did not key in fully into the scheme. While the eight per cent of the employees’ salary was deducted, the government failed to contribute its own 10 per cent, thereby making retirees from the state ineligible to benefit from the CPS scheme.
The retiree was however glad that the total amount he contributed over the years was paid to him without any deduction and that the State government has put keying into the CPS on hold. He advised that the state government should not be part of the CPS as it is confusing and not favourable to government workers. “Contributory Pensions Scheme cannot work in our states where the governors run the states like their personal businesses. A governor today may decide to contribute and another governor tomorrow may choose not to. What happens to the retirees in such a situation? He queried.
Low compliance in the informal sector has also been noted as one of the challenges of the scheme. The informal sector, which represents over 80 per cent of Nigeria’s workforce, often lacks the structure or financial stability to commit to monthly contributions. Many informal workers are unaware of the benefits of joining the scheme, highlighting a gap in outreach and education.
Analysts have also observed that fluctuations, especially inflation, often erode the value of retirement savings. Although PFAs invest in various assets, ensuring inflation-adjusted returns remains challenging, impacting retirees’ purchasing power, they said.
They therefore, canvassed  for a halt of the CPS  or reforms and initiatives to make it effective and worth the while. These include:
Expansion of CPS outreach programmes and incentives, such as flexible contribution options to increase informal sector enrollment; improved awareness and education which will drive greater participation among self-employed and informal workers; increasing transparency in fund management and imposing stricter penalties for misconduct so as to improve public confidence; introducing innovative investment options like green bonds and infrastructure development projects to help pension funds achieve better returns.
Others are:  a more aggressive investment strategy that offers inflation-protected returns, benefiting retirees in the long term by PenCom in order to mitigate inflation’s effects, and PenCom offering financial education to pensioners so as to help them manage their funds effectively.  PenCom should offer financial planning resources, ensuring that retirees fully understand the structure and benefits of the CPS.
Analysts have also argued that for CPS to succeed and live up to its objective of being a cornerstone of economic stability and prosperity, embodying the hope of dignified and secured retirement for all, PenCom must wake up to her duty of ensuring that the retirees are not short-changed by the pension administrators and that non-complaint employers (that fail to make deductions) as stipulated in PRA 2014 are duly punished.

Calista Ezeaku

Continue Reading

Trending