Secure Your Future

*Attention: Retiring Officers.*

Retirement is a journey, not a destination. Also, the process of retirement is more important than the goal. This is why I will be giving you the following advise, so that you will avoid pitfalls that could cost you a fortune and also avoid delays. I pray that you take my advise seriously to avoid i. *non-payment*
ii. *non - remmittance*
iii. *under- remittance* and
iv. *wrong capturing*

1. Visit your PFA, ask for your *Comprehensive RSA Statement from 2004 till date* Sit down with it and study it for any anormaly.

2. Still with your PFA from (1) above, tell them you want to do your *Data Re-capturing/Update* This is needed to properly align your data with Pencom and prepare you for verification. No data update, no verification. No verification, no pension payment.

3. Make sure that your name with your PFA and your date of birth are correct. For instance: Sanusi Folake Adaobi is not the same as Adaobi Folake Sanusi (Principles of first name and last name).

4. If the name on your NIMC and the one with your PFA is incorrect, you'll find it difficult undergoing verification. The earlier you start this check and confirmation the better.

5. Don't think you have a year more. You are already out of the system. According to the psychology of retirement, from ages 35 to 45, that is your pre-retirement stage. From ages 46 to 55, that is your exact retirement stage. And from ages 56 to 65, *YOU ARE ALREADY RETIRED. Infact, if you hold an exhalted position, someone is already lobbying for it while you think you are still there. They can't wait for you to go even as they laugh with you everyday, they are counting down for you.

6. If you do not have a Plan "B", start thinking now of what you will do when you retire. The whole idea is to ensure that you retire for enfirement. You have to still be engaged so that you do not grow old too quickly even if it is taking care of your grand children, as long as it gives you satisfaction.
*7* , Do you know that if you are wrongly captured especially in your *record of service* which will also be submitted to your PFA, you might become a victim of *wrong computation?*

8. Remove your mind from Programmed Withdrawal or Annuity options of retirement for now, your focus should be getting your verification right. You can start discussing that when you are duly verified.

9. Let your children know that you are retired already so that you can concentrate on yourself. If you have a child that is 30years and above that you are still supporting, advise them to go and learn a trade to be economically viable. If not they will eat deep into your pension as if you worked and suffered together.

10. Read 1 to 9 again and only ask questions on those areas.

*YOU CAN SHARE THIS ON YOUR OTHER PLATFORMS TO EDUCATE OTHERS*

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SEVEN FINANCIAL RATIOS TO NOTE IF YOU ARE INVESTING

Investing in stocks is not something most people are comfortable to engage in, mostly because of knowledge to avoid losses. Below are some financial ratios to consider when planning to invest in a company.

Return on equity ratio (ROE)

As an investor you will always want to put your money in a company that is profitable and efficient in generating profit from its owners’ investments called equity. Knowing how companies are able to generate profit with owners’ funds is an important aspect you must check out for when making decisions on where to put your money. The return to equity ratio has been developed by financial analysts to help you as an investor determine if a company is efficient in generating income from its owners’ funds or not. It is always good to compare the return on equity ratio of two or more companies in the same industry and benchmark all to the industry ROE so as to know which one is more efficient and which one is not.

Return on Asset ratio (ROA)

Money invested into a business is used to buy assets to run the business activities so as to generate profit. If a business is able to generate more profit with this asset, it means the business is efficient, thus making it a good place to invest your money. The return on asset ratio is a ratio that tells you at a glance how efficient a company is in generating profit from its assets. It is always good when making an investment decision to compare this ratio among firms in the same industry as different firms in different industries have different asset bases. A higher ROA shows that a company is efficient in turning its assets into profit and vice versa.

Earnings per share (EPS)

Before investing your money in a company, it is essential you find out what the earnings (profit made) per outstanding shares of the company is. As this tells you how profitable the company is and how much earnings the shareholders’ investment per share is producing.

Nigeria borrowed N6.64tn and serviced debt with N2.93tn in 2021 - DMO says

The Debt Management Office said Nigeria’s total public debt stock increased to N39.56tn in 2021 from N32.92tn in 2020.

The Director-General, DMO, Patience Oniha, made this known on Thursday, March 17, at a media briefing in Abuja.

Oniha said: "Nigeria’s total public debt as at December 31, 2021, was N39.56tn or $95.78bn.

"The amount represents the total external and domestic debts of the Federal Government of Nigeria, 36 state governments and the federal capital territory.

"The comparable figure for December 31, 2020, was N32.92tn or $86.39bn. The public debt stock for December 31, 2021, includes new borrowings by the FGN and the sub-nationals. For the FGN, it would be recalled that the 2021 appropriation and supplementary acts, included total new borrowings (from domestic and external sources) of N5.49tn to part-finance the deficit.

"Borrowings for this purpose and disbursements by the multilateral and bilateral creditors account for a significant portion of the increase in the debt stock. Increases were also recorded in the debt stock of the states and the FCT."

She stated that despite the debt increase, the nation is still within the total public debt stock to the Gross Domestic Product limit of 55 per cent set by the World Bank and 70 per cent set by the Economic Community of West African States.

Oniha also said that the Federal Government was "mindful of the relatively high debt-to-revenue ratio" and has established certain measures to increase revenues through the strategic revenue growth initiative and the introduction of Finance Acts since 2019.

She said: "The new borrowings were raised from diverse sources, primarily through the issuances of the Eurobonds, sovereign Sukuk, and the FGN bonds. These capital raisings were utilised to finance capital projects and support economic recovery.

"With the total public debt stock to GDP as at December 31, 2021, of 22.47 per cent, the