Market Research Report

Employee Benefits in Nigeria

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Synopsis:
The report provides in-depth industry analysis, information and insights into employee
benefits in Nigeria, including:
An overview of state and compulsory benefits in Nigeria

Detailed information about private benefits in Nigeria

Insights into various central institutions responsible for the administration of the different
branches of social security
The regulatory framework for employee benefits in Nigeria

Report Overview:
Nigerias social security system is based on the principle of defined-benefits (pay-as-yougo), and is generally managed by the state government. The social security system covers a
limited number of benefits and provides them based on the insureds contribution period.
Nigeria also has an informal social security system to which people can contribute
voluntarily.

Scope :
This report provides a detailed analysis of employee benefits in Nigeria:
It offers a detailed analysis of the key government-sponsored employee benefits, along
with private benefits
It covers an exhaustive list of employee benefits, including retirement benefits, death-inservice benefits, long-term disability benefits, medical benefits, workmens compensation,
maternity and paternity benefits, housing funds, and leave
It highlights the economic and regulatory situations relating to employee benefits in Nigeria

Key Highlights :
Nigerias social security system is based on the principle of defined-benefits (pay-as-yougo), and is generally managed by the state government.
The system consists of two branches: a mandatory individual account system and a social
insurance system.
Private benefits granted by employers in Nigeria include company cars, mobile phones,
stock option plans, group life insurance plans, dental benefits, and cross-border pension
plans.

Table of Contents:
1 Executive Summary
2 Introduction
3 Country Statistics

4 Overview of Employee Benefits in Nigeria

5 Regulations
6 State and Compulsory Benefits

7 Private Benefits
8 Macroeconomic Indicators
9 Appendix

List of Tables:
1 Definitions
2 Nigeria - Country Statistics, 2011-2014
3 Workmen's Compensation - Percentage of Disability

List of Figures:
1 Major Institutions of the Nigerian Social Security System
2 Nigerian GDP at Constant Prices (US$ Billion), 2008-2012
3 Nigerian GDP Per Capita at Constant Prices (US$), 2008-2012
4 Nigerian GDP at Current Prices (US$ Billion), 2008-2012
5 Nigerian GDP Per Capita at Current Prices (US$), 2008-2012
6 Nigerian GDP by Key Sector (%), 2008-2012
7 Nigerian Inflation Rate (%), 2008-2012
8 Nigerian Annual Average Exchange Rate US$-NGN, 2008-2012
9 Nigerian Unemployment Rate (%), 2008-2012
10 Nigerian Gross National Disposable Income (US$ Billion), 2008-2012
11 Nigerian Total Population (Million), 2008-2012
12 Nigerian Size of Labor Force (Million), 2008-2012
13 Nigerian Urban and Rural Populations (%), 2008-2012

Reason To Buy :
Make strategic decisions using in-depth information related to employee benefits in Nigeria
Assess the Nigerian employee benefits market, including state and compulsory benefits
and private benefits

Gain insights into the key employee benefit schemes offered by private employers in
Nigeria
Gain insights into key organizations governing Nigerian employee benefits, and their
impact on companies

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