The Nigerian Pension funds as an endangered specie

                 Olusegun Obasanjo

People credit Obj with GSM revolution, but I credit him with Pension reforms. I recall a joke in my days in the

University about the destructive touches of Flatters - a name reserved for students dwelling in Zik's flats.

The abode was for new students, who were usually the butt of all kinds of jokes as they were too new to have enough of the campus culture, their being some distance from the main campus not helping issues.

As a beneficiary of the Pensions reform, I get apprehensive, each time reference is made to the funds, large indeed, they are.

My apprehension comes from comparing where we were in the days of the unfunded pensions to where we are today.

Who wants to go back to Egypt after crossing the Red Sea, certainly, not me.

Today, the Pension fund is being eyed by the powers that be, for all manners of schemes.

The powers that be like the Flatters have a track record of poisonous and ruinous touches. The perception about the Flatters is largely unfounded but for our leaders, squandermania is their second nature.

Who knows for how long, they can stay off these funds of the old and the infirm.

Norway like Nigeria is an Oil producing country but unlike Nigeria, knowing that Oil has a definite life span, chose to be saving her Oil proceeds.

Nigeria does not save it's Oil proceeds but spend and borrow, bench marking not savings against her Gross Domestic Product but her loans.

While Norway is saving, Nigeria is not only spending her proceeds but also borrowing, seriously as if there is no tomorrow.

When the youths embarked on #EndSARS, they were listened to. Who will fight for the aged, should the politicians succeed in annexing the huge funds?