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Economy

20 Reason Why Nigeria Public Servants are Afraid of Retirement

Some Nigerian public servants are afraid of retirement. Some go as far as faking their real age to delude their real retirement age and work forever. The reason behind this is not far fetched.

Life after Retirement in Nigeria is not pleasant, in most cases. The retirement period is supposed to be a time where you get to rest, enjoy, and perhaps see the world. But for some Nigerian retirees’, it’s a horror movie come to life categorized with bills, health issues, frustration, and un-ending struggle.


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For those that planned for their retirement, it’s an entirely different story to tell, filled with the bliss of resting from working 8-10 hours daily.

20 Reason Why Nigeria Public Servants are Afraid of Retirement

20 Reason Why Nigeria Public Servants are Afraid of Retirement
Retired civil servants in Nigeria – Photo Source – Vanguard: https://www.vanguardngr.com/2014/12/can-access-retirement-savings-account/

Many factors strike fear in the heart of Nigeria public servants about the topic of “retirement”, some of these things that make retirement dreadful are:

1. Being Laid off Work

There are many instances where public servants have been laid off of work which can be a result of different reasons which is usually not because of the employees’ fault. This can lead to a spiral of financial hardship for the laid-off worker especially if the possibility of getting another job is slim or the type of job he/she can apply for is age conscious.

Read Also: Retirement Age in Nigeria for Various Institutions and Professions

2. Not Receiving Compensation for Wrongful Dismissal

Wrongful dismissal is when the employment of a worker is terminated without any cause or based on a false allegation of misconduct from the worker. When this happens the worker is due to be compensated but in most cases, in Nigeria, the worker doesn’t get anything.

3. Financial Struggle

Without a proper plan to save for retirement, many public servants end up having their retirement period spent with a lot of financial hardship and struggle.

4. Not Having Nothing to Rely on After Retirement

Many public workers today don’t have a plan for retirement which leaves them with the uncertainty of the future and without the normal monthly salaries and entitlements they are used to.

5. Bad Governance

There have been some instances where the government failed to remit their part to the pension of their workers which has affected the ability to receive the pension of a lot of public workers.

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6. Having to Rely on Family and Friends

Nobody wants to have someone else as a burden talk less of being one, without any other means of income, public workers do not want to retire and would go as far as inflating their age to spend more time in service.

7. Accidents and Injuries

We all have our various life plans but sometimes life seems to have a different plan for us. Accidents happen and sometimes it leaves a long-lasting mark on the victims. In the case of incapacitation, the worker is limited physically and prevents the worker from being effective at work, and lead to his/her dismissal from work.

8. No alternative means of livelihood

Public workers are afraid of retiring as they have no other source of income that they can depend on, the vast majority of public worker don’t have a business or investment that they can rely on which is why a majority of public workers fear their retirement

9. No Investment or Business

It’s sad to know that many public workers do not have a plan for their retirement. They do not save or have any business or investment that would cater to their financial and health needs when they retire.

Read Also: 10 best investment ideas for retirement in Nigeria

10. Loneliness

For some reason, many workers see retirement as a period where you don’t have anyone to talk to as opposed to when in the workplace.

11. Health Issues

Old age is usually accompanied by a lot of health issues that require lots of money, and public servants that have life-threatening diseases would have no resources to cater to their health challenges.

12. Low Resources

Some public servants are underpaid and their salary is barely enough to take care of their daily needs talk less about saving or investing for retirement.

13. No More Salary, Allowance, and Other Monthly Benefits

The idea of no longer getting the monthly salary, allowance, and other monthly benefits does not sit well in the mind of many public workers as they don’t want to leave the comfort zone of their salaries financial security

14. Bad Economy

The economy has degraded over the years in Nigeria, there had been times where the payment of salary was delayed or not paid at all for months which had disrupted the retirement plan of many public workers and put many in-depth and ruined much business.

15. Delayed Entitlements

When there is uncertainty about when entitlement would get paid, it is natural for public workers to be scared of how they are going to cope with retirement.

Read Also: 6 Tips to Save for Retirement in Nigeria

16. Fear of not being able to access their pension

Public servants may not be able to have access to their pension due to various reasons, the most common one being the fact that the government may not pay their quota of the worker’s retirement plan.

17. Uncertainty about the Future

Not knowing what the future holds after retirement is one of the biggest fear that public workers in Nigeria have. Anxiety about what life would look like after leaving the wall of an office for good has forced many to rethink about considering retirement.

18. High Financial Responsibility

Many public servants have a lot of people depending on them, who look up to them for survival and so retiring may look like a way of making thing hard for them and their family

19. Not being active/Idleness

For the passionate public workers who love what they do, they seem retirement as a time of idleness and always want to be active socially and physically in the community.

20. Fear of Missing Out

Some public worker just wants to feel among the peer at work and does not like the feeling of being too old to work.

Bottom Line

While for some people retirement is a moment where you get to relax and explore the world but to some, it is something that sends chills down the spine. Public servants need to stop waiting for the government to decide how they get to spend their retirement but rather plan to be financially independent even before they get to the retirement age by properly planning and saving for the period of retirement.

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Ayobamidele Livingson

Ayobamidele Livingson is a content developer at InfoGuideNigeria.com. InfoGuide Nigeria team comprises Resource Persons and Consultants led by Ifiokobong Ibanga. Page maintained by Ifiokobong Ibanga. If you need a personal assistance on this topic, kindly contact us.

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