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OFFSHORE INVESTMENT OF PENSION FUNDS: PROSPECTS AND BENEFITS FOR THE NIGERIAN PENSION INDUSTRY
Nearly two decades after the introduction of the Contributory Pension Scheme (CPS), the Nigerian pension industry has witnessed transformative changes. Despite these advancements, persistent concerns remain regarding the value of savings remitted by employers and employees compared to the worth of the pensions received upon retirement. Inflation and currency depreciation challenge retirees’ living standards, prompting calls for legislative support for offshore investments to achieve better returns.