Pension payments to temporarily unemployed Nigerians surged over the past year, reaching a seven-year high in the first quarter of this year as the country faces its worst economic crisis in a generation.

Between January and March 2024, 8,651 individuals received a total of N14.2 billion from their pension savings contributions under the Contributory Pension Scheme. Federal law permits people under 50 who have lost their jobs and https://pluboard.com/2024/06/19/economy/nigerias-pension-payout-to-unemployed-at-7-year-high-as-economy-falters/