MAN, NACCIMA, NECA, NASME, NASSI reject 3% pension hike
” The OPSN urged the Federal Government and the National Pension Commission, PenCom, to suspend the proposed increase pending a comprehensive economic and employment-impact assessment and broader consultations with employers, labour unions and other critical stakeholders.
The group further called on government to prioritise inflation control, business sustainability and job creation, insisting that a strong pension system can only be built on thriving businesses and a growing formal workforce, not on policies that increase the cost of employment during a period of economic hardship.
By Victor Ahiuma-Young The Organized Private Sector of Nigeria, OPSN, has rejected the Federal Government’s proposed increase in mandatory pension contributions, warning that the move could trigger job losses, business closures, slower wage growth and higher inflation across the country.
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