“A comprehensive social security in Nigeria has the potential to significantly reduce
economic insecurities and enhance economic efficiency, equity, growth, and stability given the dismal socio-economic statistics as captured by human development, human poverty, and the gender-related indices. In the Nigerian framework, this would require integrating social insurance and social assistance. Thus, the PRA 2004 can be adjusted to include a higher retirement age for formal white-collar workers since their jobs are less physically demanding compared to blue-collar workers. Generally acceptable best practices should be employed in planning, implementation, and control of a
comprehensive social security system in Nigeria via accountability, transparency, and
probity to reduce corruption and poverty while enhancing equity, efficiency, growth, and stability.”
