Wissen-Haus Youth Empowerment Foundation

Learning Objectives

Understand why to start retirement planning early
Know your pension and retirement options in Nigeria
Calculate how much you need to retire

Retirement feels far away when you are young—but time is your most powerful asset. Learn why starting now matters enormously, understand Nigeria's pension system, and set simple retirement goals.

Module Quiz

1. Why should you start retirement planning in your 20s?

Because it is a legal requirementBecause compound growth over decades turns small contributions into large savingsBecause retirement happens sooner than you thinkThere is no benefit to starting early

2. Nigeria's Contributory Pension Scheme requires:

Only self-employed workers to contributeEmployers and employees to both contribute to an approved pension fundOnly government employees to contributeNo contributions at all

3. Your retirement savings goal depends primarily on:

What the government decides for youYour expected retirement expenses, years in retirement, and investment returnsOnly your current salaryThe advice of a stranger

Module 7: Retirement Planning Starts Now