Pension Management - Radio Nigeria Ibadan Zonal Station

The senator representing Ogun Central senatorial district of Ogun in the Upper Chamber of the National Assembly, Senator Shuaib Afolabi Salisu, has called for total reform of pension administration and management in Nigeria to give people confidence and trust in the system.

Salisu, who is the chairman, of the Senate Committee on ICT and Cyber Security, made the call in Abuja today in his keynote address at the launch of a book, “Understanding Pension Administration and Management in the Contemporary World”, authored by Head, Internal Audit Unit of Pension Transition Arrangement Directorate, PTAD, Dr Imran Saheed Adekunle.

The Senator said the current administration of President Bola Tinubu was embarking on various reforms, government and stakeholders must also take a keen look at pension administration and management to take it to a notch higher than it is now.

According to him, Nigerians would have confidence and trust in the administration when they were sure that they had their pensions and social security system in place.

He submitted that all relevant and critical stakeholders in the Nigerian pension administration and management sector needed to get copies of the book in order to “begin to see what we need to do and ensure that pension administration in the country takes a notch higher than it is now”.

The Senator lamented the trend among Nigerian youths to resort to cybercrimes, saying that he is sometimes depressed knowing that the youth are using social media to commit crimes.

He, however, called on Nigerians not to leave the task of nation-building for politicians alone, saying that, “all of us have sphere of influence and we must not forget to do what we can do in our own sphere of influence.”

Meanwhile, the author of the book, Dr Imran said it was purposely written in order to address the issue of scanty materials on pension administration and management in Nigeria.

According to him, it was also written to ensure that active employees, retirees and other workforce across various sectors of the Nigerian economy are exposed to basic knowledge and skills on Defined Benefit and Contributory Pension Schemes in the country and several other jurisdictions in the world.

“The book will undoubtedly serve as a solid foundation for both students and non-pension professionals who would want to deepen their knowledge, skills and competence in pension administration and management,” Dr Imran said.

PR/Adewumi Faniran

The management of pension funds in the country leaves retirees in nightmares after years of meritorious service.

A veteran journalist and former Director, New Media, Federal Radio Corporation of Nigeria, FRCN Ibadan, Pastor Dare Olorunfemi made the observation at a programme organized in his honor at Studio One, Radio Nigeria Ibadan, Ova Adebimpe Road, Dugbe Ibadan.

Pastor Olorunfemi, who was also the immediate past Deputy Director News, FRCN Ibadan, pointed out that the country’s pension should be seamless with retirees being able to access their entitlement at point of exit.

In a remark, Zonal Director, Radio Nigeria Ibadan, Alhaji Mohammed Bello, described Pastor Olorunfemi as a simple and easy going man, who has cut a niche for himself, winning laurels for the station and himself.

Alhaji Bello said the occasion was organized for Pastor Olorunfemi as a collective show of gratitude.

In an opening address, the Deputy Director News, Reverend Segun Ayankoso, said the celebrant was a resilient and accurate man

Speakers at the event including Deputy Director Marketing, Mrs Bolanle Owoyemi, Deputy Director Programmed, Mrs Bolatito Joseph, Deputy Director Translation, Elder Aderenle Ajisefini, and the Director, National Broadcasting Academy, Pastor Ayodele Aliu, lauded the celebrant, noting that he was astute, humble and resilient.

Similarly, the General Manager, Positive FM, Akure, Mr Samson Abiodun, General Manager, Premier FM, Reverend Dahunsi and Gold FM, Ilesa, Mr Adedamola Tinubu, said the celebrant left memorable print in the media profession.

In a remark, Pastor Dare Olorunfemi, who could not hide his pleasure, launching into his speech with a song of thanksgiving, attributed his achievement to God.

He went down memory lane about how he survived four accidents and recovered despite coming out of them with broken bones and incomplete spinal cord injury.

Highlight of the event was the presentation of gift to the celebrant as well as group photograph.