Daily Post· 1h ago· 1 min read
The Organised Private Sector of Nigeria, OPSN, has opposed the proposed increase in mandatory pension contributions being considered by the National Pension Commission, PenCom, warning that the move could negatively impact businesses, jobs and workers' earnings.
OPSN, which comprises major business groups, including the Manufacturers Association of Nigeria, MAN, the Nigeria Employers’ Consultative Association, NECA, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, the Nigerian Association of Small and Medium Enterprises, NASME, and the Nigerian Association of Small Scale Industrialists, NASSI, described the proposal as a “Greek gift” to Nigerian workers.
In a joint statement issued on Thursday, the employers’ groups argued that although the proposal is being presented as a means of improving retirement benefits, it could ultimately hurt…
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