Prior to 2004, Nigeria operated the defined benefit pension system where the government bore the full responsibility for pension payments to retired workers.

Why did Nigeria transition to the contributory Pension scheme (CPS)? What were the long-term goals for pensions? What are the gains today?

In this episode, we take you through the history of CPS in Nigeria.

Listen and gain valuable insight into inception and commencement of the contributory pension scheme in Nigeria.