Wissen-Haus Empowerment Foundation

Learning Objectives

Understand why to start retirement planning early
Know your pension and retirement options in Nigeria
Calculate how much you need to retire

Retirement feels far away when you are young—but time is your most powerful asset. Learn why starting now matters enormously, understand Nigeria's pension system, and set simple retirement goals.

Module Quiz

1. Nigeria's Contributory Pension Scheme requires:

Employers and employees to both contribute to an approved pension fundNo contributions at allOnly self-employed workers to contributeOnly government employees to contribute

2. Why should you start retirement planning in your 20s?

Because it is a legal requirementBecause compound growth over decades turns small contributions into large savingsBecause retirement happens sooner than you thinkThere is no benefit to starting early

3. Your retirement savings goal depends primarily on:

The advice of a strangerYour expected retirement expenses, years in retirement, and investment returnsWhat the government decides for youOnly your current salary

Module 7: Retirement Planning Starts Now