Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Cardano Price Set to Tick on Altcoin Rotation, Technical Bounce

    June 13, 2026

    Prices of Crude Oil Decline by 6% as US-Iran Tensions Ease

    June 13, 2026

    NGX Seeks Stronger Nigeria-UAE Capital Market Ties

    June 13, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Cardano Price Set to Tick on Altcoin Rotation, Technical Bounce
    • Prices of Crude Oil Decline by 6% as US-Iran Tensions Ease
    • NGX Seeks Stronger Nigeria-UAE Capital Market Ties
    • Reforms Restoring Stability, Investor Confidence – Tinubu
    • Oil Prices Dip Below $90 on Potential US-Iran Deal
    • ECB Hikes Rates 25bps, Targets 3% Inflation for 2026
    • Rand Slides as World Bank Cuts South Africa’s 2026 GDP Growth
    • Wall St, European Markets Surge on AI Stock Rally Ahead of SpaceX Debut
    • Home
    • About Us
    Facebook X (Twitter) Instagram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Saturday, June 13
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Labour Seeks Upward Review of Retirement Age to 65Yrs

    Labour Seeks Upward Review of Retirement Age to 65Yrs

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiMay 1, 2023 News No Comments3 Mins Read
    Labour Seeks Upward Review of Retirement Age to 65Yrs
    NLC
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Labour Seeks Upward Review of Retirement Age to 65Yrs

    Nigeria Labour Congress (NLC) has called for a review of civil servants’ retirement age and years of service in the entire public service to 65. Jeo Ajaero, NLC President made the call during the 2023 Workers’ Day celebrations on Monday in Abuja.

    Ajaero also called for a general review of core civil servants’ salaries to narrow the gap between other civil servants’ emoluments and those in other segments of the public service.

    He said that the extension of years of service should go around, as it had been done in other sectors of the public service in the country.

    “Only a few other establishments, including the core civil service, are now left out.

    “We are, therefore, demanding that the age of retirement and length of service in the entire public service, including the civil service, be reviewed upward to 65 years of age and 40 years of service, ” he said.

    Ajaero said that the union had, over the years, demanded salary review but had yet to receive Federal Government’s attention.

    “It is necessary to recall that we have continued over the years to demand that the salaries of core civil servants be beefed up to narrow the gap between their emoluments and those in other segments of the public service.

    “They all possess the same educational qualifications and cognate experience on the job. So why the disparity?” Ajaero queried.

    On gratuity payment, the NLC president said union leaders had, on several occasions, presented the issue to the government without any positive response.

    “Fellow comrades, we have consistently presented the issue of gratuity payment to the government but nothing has been done in that regard.

    “As you are all aware, the concept of gratuity payment to employees is predicated on the fact that those who have laboured for public institutions or private enterprises are entitled to the proverbial golden handshake from their employers.

    “Thus, gratuity is a monetary benefit given by an employer to his/her employee at the time of retirement without the worker making any financial contribution whatsoever to the fund,” he said.

    According to him, such a lump sum is meant to enable the retiree to finance any post-retirement endeavour of his/her choice.

    “The Pension Act did not abolish gratuity payment and we demand its restoration in many public sectors where it has been stopped,” the labour leader said. #Labour Union Seeks Upward Review of Retirement Age to 65Yrs

    Naira Steadies as Banks Issue Update on FX Purchase

    NLC
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Keep Reading

    Cardano Price Set to Tick on Altcoin Rotation, Technical Bounce

    Prices of Crude Oil Decline by 6% as US-Iran Tensions Ease

    NGX Seeks Stronger Nigeria-UAE Capital Market Ties

    Reforms Restoring Stability, Investor Confidence – Tinubu

    Oil Prices Dip Below $90 on Potential US-Iran Deal

    ECB Hikes Rates 25bps, Targets 3% Inflation for 2026

    Add A Comment

    Comments are closed.

    Editors Picks

    Nigerian Exchange Rises by N213bn after 7-Day Selloffs

    October 4, 2023

    Black Friday for FX Markets Over New Virus Variant in S.Africa

    November 26, 2021

    Perspective: How the Nigerian Economy Stands – Part 1

    September 1, 2021

    Ticking Debt Clock: How Much Can Nigeria’s Economy Absorb?

    July 28, 2020
    Latest Posts

    Cardano Price Set to Tick on Altcoin Rotation, Technical Bounce

    June 13, 2026

    Prices of Crude Oil Decline by 6% as US-Iran Tensions Ease

    June 13, 2026

    NGX Seeks Stronger Nigeria-UAE Capital Market Ties

    June 13, 2026

    Reforms Restoring Stability, Investor Confidence – Tinubu

    June 12, 2026

    Oil Prices Dip Below $90 on Potential US-Iran Deal

    June 12, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Editorial Policy

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Dmarketforces Africa. Designed by Dwallnet.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.