Opaleke urges retirees to invest in treasury bills
The Pension Desk Officer, University of Ilorin, Mr Moses Opaleke, has called on Nigerian workers to save towards their retirement through investment, especially in treasury bills.
Treasury bills are government guaranteed debt instruments issued by the Central Bank of Nigeria (CBN) on their behalf to finance expenditure.
Opaleke gave the charge in Ilorin while delivering a lecture at a send-forth ceremony organised by the Directorate of Corporate Affairs, University of Ilorin, in honour of retiring members of staff, stressing that Nigerian workers should not be afraid of retirement, but to always look towards it with confidence and hope.
The pension expert described retirement as a compulsory transition in life, which every worker that survives death in active service would get to because anything that has a beginning, have a terminal point.
The pension expert urged all to prepare for their retirement and always work for what would make them happy in retirement.
He stated that retirement does not necessarily end in bad health and financial crises but could be more joyous and rewarding for those who planned ahead, adding that treasury bills are far better because it yields more dividends.
The pension desk officer explained that the best time for planning towards retirement was before employers’ plan it for a worker.
He harped on the need for workers to be mindful of so many factors such as their health, pension, location of settlement and relationships thereafter while planning for retirement.
He cautioned that it could be suicidal to go into a new matrimony after retirement, particularly with a younger spouse.
He also warned workers to avoid taking loans shortly before their retirement, stressing that the repayment plan could be corrosive on their dwindled income.
The pension desk officer declared that such class of personnel should engage in investment most especially in treasury bills which according to him was far better because it yields more dividends.
