Unemployment Forces Nigerians to Tap into Pension Savings for Financial Relief
Lagos, Nigeria – In the face of rising unemployment rates in Nigeria, more individuals are turning to their pension savings as a means of financial support for day-to-day expenses. The trend has become increasingly common among both public and private sector workers who have lost their jobs amid the current economic challenges. According to data from the National Pension Commission, a significant number of Retirement Savings Account (RSA) holders have requested access to 25 percent …