Obono-Obla: Hunting the hunter

GRATUITY AND RETIREMENT BENEFITS AND THE PENSION REFORM ACT 2004

Femi Aborisade Senior Principal Lecturer Department of Business Administration & Management Studies The Polytechnic, Ibadan & Centre for Labour Studies (CLS) Email: aborisadefemi@yahoo.com Introduction Internationally, pension reform has been a common feature of public sector financial reforms since the 1990s. According to the OECD (2007), in Europe , the reforms have led to increased retirement age but a reduction in terminal benefits. Similar reforms have been embarked upon in the developing countries resulting in throwing poorer segments of the society into harsher economic conditions as responsibilities for old age care are transferred from the state to the individuals. Within the context of pension reforms on a global scale, this paper critically examines Nigeria ’s Pension Reform Act 2004. Though the particular interest of this workshop appears limited to provisions relating to gratuity under the Act, it is assumed that participants wo...

THE IMPERATIVES OF JUSTICIABILITY OF SOCIO-ECONOMIC RIGHTS IN NIGERIA: AN ANALYSIS OF CHAPTER II OF THE 1999 CONSTITUTION AND JUDICIAL ATTITUDES

Outline The following outline has been adopted in discussing this topic: · Introduction · What are the provisions of Chapter II of the Constitution of the Federal Republic of Nigeria (CFRN ) 1999? · The essence of the Chapter II provisions · Two Schools of Thought on Chapter II · The non-justiciability constitutional provision · The pro-justiciability provisions o The constitutional pro-justiciability provisions o Statutory pro-justiciability provisions: The African Charter on

THE WORLD ECONOMIC RECESSION, NIGERIA’S ECONOMY AND CHALLENGES FOR THE WORKING CLASS By Femi Aborisade [1] aborisadefemi@yahoo.com or aborisadefemi@gmail.com INTRODUCTION The world economy entered a turning point with the financial crunch of September-October 2008. Assessing the effects of the global meltdown on the Nigerian Stock Exchange, the former NSE President, Oba Otudeko, stated: it would be pretentious of anybody to say that we have solution to what is currently happening in the market…the DG has been here for 27 years, I don’t think she has seen anything like this since she has been here. And throughout the world, there hasn’t been anything like this; even the 1929 recession was not exactly like this (Oba Otudeko, 2009: 11). Though the above comparison of the 2008 world financial crunch with the 1929 recession is not accurate, the assessment of the crisis is indicative of the shock waves which...

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