Employee Benefits in Nigeria 2018

Market: Financial Services

Nigeria, 41 pages report, published by GlobalData

Report ThumbnailJuly-2018
Employee Benefits in Nigeria 2018

Summary

Nigeria’s social security system is based on the principle of defined-benefits (pay-as-you-go), and is generally managed by the state government. The social security system covers a limited number of benefits and provides them based on the insured’s contribution period. Nigeria also has an informal social security system to which people can contribute voluntarily.

The report provides in-depth industry analysis, information and insights of the employee

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  • List of Figures
  • Figure 1: Nigeria- Main Institutions of Social Security System
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  • List of Tables
  • Table 1: Insurance Industry Definitions
  • Table 2: Nigeria - Country Statistics
  • Table 3: Nigeria - Workmen’s Compensation - Percentage of Disability
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  • Table of Contents
  • 1 EXECUTIVE SUMMARY
  • 2 INTRODUCTION
  • 2.1 What is this Report About?
  • 2.2 Definitions
  • 3 COUNTRY STATISTICS
  • 4 OVERVIEW OF EMPLOYEE BENEFITS IN NIGERIA
  • 5 REGULATIONS
  • 6 STATE AND COMPULSORY BENEFITS
  • 6.1 Retirement Benefits
  • 6.1.1 Introduction
  • 6.1.2 Types of retirement plan
  • 6.1.3 Eligibility
  • 6.1.4 Age
  • 6.1.5 Benefits
  • 6.1.6 Payment options
  • 6.1.7 Typical employer practice
  • 6.1.8 Employee and employer contributions
  • 6.1.9 Taxation
  • 6.2 Death in Service
  • 6.2.1 Introduction
  • 6.2.2 Eligibility
  • 6.2.
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