Retirement age in Nigeria for various institutions and professions, Nigeria is a country with a large population and a younger demographic. This means that there are a number of different retirement ages in Nigeria, depending on a person’s profession or institution.
Retirement age in Nigeria is a very important issue, especially for people who are interested in working after the age of 60. The retirement age for most institutions and professions has been changed over time. In this article, we will look at what the retirement age is for different institutions and professions in Nigeria.
Laws set by Nigeria on retirement age
The retirement age for government employees in Nigeria is 62 years old. For private sector workers, the retirement age is 57 years old. The retirement age for informal sector workers is 55 years old.
Public servants in Nigeria, retire at 63 years old or 35 years of active service. The retirement age for private sector workers is 58 years old while retirement age for informal sector workers is 54 years old.
The Nigerian Government has also set up a pension scheme for its workers. The scheme aims at providing pensions to those who have worked for 20 years or more with the same employer.
Retirement age in Nigeria for various institutions and professions
The first thing that you need to know about retirement ages in Nigeria is that there are no set rules about what exactly constitutes an “old age.” This means that there is no official minimum or maximum retirement age for any profession or institution in Nigeria. Instead, each institution sets its own rules regarding how long they think anyone should be allowed to work before they retire.
This means that if you want to know what your employer’s retirement age might be then all you need do is ask them directly!
The retirement age for various institutions and professions in Nigeria is as follows:
1) The Nigerian Civil Service (NCS) has a retirement age of 62 years, with a maximum age of 64.
2) The Nigerian Police Force (NPF) has a retirement age of 60 years, with a maximum age of 62. This includes the military and the paramilitary.
3) The Nigerian Armed Forces (NAF) has a retirement age of 55 years, with a maximum age of 61.
4) The Nigerian National Petroleum Corporation (NNPC) has no retirement age limit but encourages employees to take voluntary retirement at any time before reaching the age of 55 years.
5) In the health sector, doctors and nurses tend to retire at 60 years old.
6) lawyers are encouraged to retire at 65 years old.
7) university professors have a retirement age of 70 years while primary and secondary School teachers retire at 60 years.
8) Nigerian pilots retire at the age of 65 years.