Fewer ghosts, more savings

摘要

Few people in Africa are fortunate enough to have savings to fall back on in their old age. Having enrolled in a voluntary state-run pension scheme, Stephen Okikiola was always luckier than most. But it was not until Nigeria obliged firms with five or more employees to provide workers with pensions in 2004 that the former Pharmaceuticals executive really started accumulating cash. "It's good to be able to rely on those monthly payments now that I am retired," he says.