Discover and read the best of Twitter Threads about #pmbpayspensions
Most recents (3)
FACTS:
The @MBuhari/@ProfOsinbajo administration:
1. Eliminated Ghost 👻 workers
2. Paid Biafra war veterans what was due them after so many years of neglect by past administrations (yet they claim he doesn't like the Igbos o 😂😂😂)
1/
#Febuhari
The @MBuhari/@ProfOsinbajo administration:
1. Eliminated Ghost 👻 workers
2. Paid Biafra war veterans what was due them after so many years of neglect by past administrations (yet they claim he doesn't like the Igbos o 😂😂😂)
1/
#Febuhari
3. Paid ex-staff of Nigerian Airways their entitlements after years of neglect by past administrations (again).
Check the #PMBPaysPensions for more details.
Now let's reason quickly
2/
#Febuhari
Check the #PMBPaysPensions for more details.
Now let's reason quickly
2/
#Febuhari
Now, we have two categories of people who, seeing what the Buhari administration has done as against others who neglected them, yet had the chance & opportunity to remedy things; would come out to show support for him @ the polls (as it is only logical).
3/
#Febuhari
3/
#Febuhari
Ok let’s do it now. #PMBPaysPensions right? We are told Buhari loves pensioners and he’s taking care of those abandoned by past govts right? But do you know who loves pensioners even more? Her name is Ms. Reform and she’s A Queen. Her problem is she doesn’t make noise
Recall that APC campaigned as a team but as soon as they won, the party turned into a personality cult around Buhari. This allowed him launch Operation Vandalise The Economy in 2015 while his party looked on and even cheered him on.
That vandalism caused millions to lose their jobs. But Ms Reform stepped in, quietly, to take care of her people. Come with me to the 2016 PenCom Annual Report (pencom.gov.ng/wp-content/upl…) and look well at this table
Let me tell you about one 'uncompleted project' that APC has not touched and will not touch. It's called pension reform. This chart from PwC is a good summary of how Nigeria got to this point
The big event was in 2004. Quite a transformational event. From practically zero, Nigeria created a self sustaining pensions industry that has been growing since. In 2007, pension assets were just over N800bn. As of this year, they have hit around N8trn
Initially, workers and employers were to contribute 7.5% each. Ten years later in 2014, this was increased to 8% for employees and 10% for employers. New businesses that did not previously exist were created. But...they were all in the private sector
