Retirement Savings Account (RSA) Membership Distribution Q4 2016
The retirement savings account (RSA) membership distribution data for Q4 2016 reflected that 7,348,028 workers are registered under the pension scheme out of a total working population of 69,470,091 as at Q4 2016. This represents 10.8% of the total working population. This is not surprising given the largely informal structure of the Nigerian labor force with about 50% of the current workforce engaged in subsistence agriculture and informal trading. Micro businesses for example account for over 90% of total Micro, Small and Medium Scale Enterprises in Nigeria.
Data source: National Bureau of Statistics