Nigeria must move beyond enacting laws and establishing institutions for social protection and begin measuring how effectively those frameworks deliver enforceable benefits to ordinary citizens, the Institute of Leadership, Coaching and Strategy has said.
The institute said the existence of laws covering pensions, employee compensation, health insurance, unemployment and social assistance did not, by itself, amount to an effective social-security system.
The President and Chairman of the governing council of the institute, Dr Olasunkade Azeez, raised the concerns last week while speaking at the institute’s eighth monthly webinar series, held on September 18, with the theme, “Social Security in Nigeria: A Myth or Reality?”
Azeez said the country’s social-security debate should shift from the existence of legislation to the extent to which those laws translated into meaningful protection for Nigerians facing poverty, unemployment, retirement insecurity, healthcare costs, disability and old age.
“Social security is not merely a matter of welfare
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