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5 Ways to Manage Wealth After Retirement in Nigeria
5 Ways to Manage Wealth After Retirement in Nigeria
By Lawrence Agbo
Are you a retiree in Nigeria and you end up not living the life you so desire for yourself after retirement? You discover that your carefully planned retirement programme could not sustain you a few years later and you wonder what you did wrong.
The answer to that question is that you lack proper management of your wealth after retirement. However, this article will enlighten you on how to manage your wealth after retirement by using deliberate planned strategies.
Here are 5 ways to manage your wealth after retirement.
Consider working part-time
Retirement is supposed to be a period of refraining from active duty and engaging in a part-time or remote job, but not to stop working entirely. The mistake most retirees make is that they fall back on their pension or savings and continue spending like they are used to while on active service.
That is the wrong way to manage wealth as a retiree and will only make you broke.
By engaging in a part-time job, you will be able to manage what you have saved durin your 35 years of active service, stay more informed and keep your brain active.
Doing a part-time job will also fetch you additional income that can cover some expenses. It also allows you to choose flexible hours and preferred times of work.
You can choose to teach or retail whichever is convenient for you and ensure you create a network. By doing this, you will come in contact with those who will need your services or expertise.
Look for passive income opportunities
Passive income is simply the earnings you receive from investments or business ventures that require no serious effort to maintain from the investor or retirer as this case may be.
While you are still on active service, ensure that you have a business that brings in passive income and if you don’t, endeavour to have an investment that brings in return.
In our society today, many retirees rely on this means and it seems very resourceful. You will see a 70-year-old man living flamboyantly and living a healthy life because he is sure of getting returns either weekly, monthly or even yearly. This is why retired landlords in Lagos State don’t lack.
They depend on the money for rent from tenants. Some even go as far as using a scheme that enables them to make a huge sum of money at once if the need arises by giving a tenant notice to quit to get a new one or increasing the house rent yearly.
This will enable you to reduce reliance on the money saved during your active days at work and it allows for more leisure time or the ability to pursue other interests.
Managing your expenses in retirement
The way you spend during retirement goes a long way to determining how will you manage it. This is the time for you to be honest with yourself as much as possible by avoiding unnecessary spending or a flamboyant lifestyle if you really want to manage your wealth.
To achieve this, create a comprehensive budget that will identify all your sources of income including your pension, passive income and part-time work and categorise how much you spend monthly on expenses.
You should focus more on your needs than wants at this stage and ensure you stay free from debt.
Use the 4% rule
This is one of the smartest rules to manage wealth after retirement by providing a specific guideline for withdrawal from savings annually.
This rule is designed to ensure that the savings last at least 30 years. This rule is also good for managing how you spend, especially when you know that you can’t get more than 4% of your savings annually
Move to a smaller property
After retirement, there is a need to move to a smaller property to cut expenses. If you have a property you put up for rent, you should move to one that is easy to maintain and put the expensive one up for rent.
The cost of maintaining a flamboyant lifestyle can be very expensive. So you need to watch out for that.
This is not the right time to move to a flamboyant house if you are a tenant. Rather, you should move to a cheaper apartment where you will pay less and still live comfortably.
Culled: Vanguard News
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Christmas: Otuaro Urges Peace, Unity in Niger Delta, Commends Tinubu’s Support for Amnesty Programme
By: Divine Perezide
The Administrator of the Presidential Amnesty Programme (PAP), Dr. Dennis Otuaro, has called on the people of the Niger Delta to embrace peace, unity and communal harmony during the Christmas season and beyond, stressing that stability remains central to the region’s sustainable development.
In a Christmas message to residents of the oil-rich region, Otuaro extended warm greetings to traditional rulers, community leaders, youths, ex-agitators and other stakeholders, appreciating their continued support for the PAP and the administration of Bola Ahmed Tinubu.
The PAP boss described peace and unity as the foundation for lasting progress in the Niger Delta, urging communities to safeguard the stability achieved over the years through dialogue, cooperation and mutual respect.
According to him, the Programme recorded notable milestones in 2025, including improved welfare packages for beneficiaries, expanded educational and vocational opportunities, and stronger reintegration outcomes designed to empower youths to contribute meaningfully to society.
Otuaro attributed these achievements to the leadership of President Tinubu and the strategic support provided by the Office of the National Security Adviser, which he said has continued to offer guidance for the effective implementation of the amnesty programme.
Reflecting on the significance of Christmas, he described the season as one that symbolises love, sacrifice, compassion and reconciliation-values he noted align closely with the communal culture and shared heritage of Niger Delta communities.
He also urged beneficiaries of the Programme and residents of the region to celebrate responsibly and remain committed to peaceful coexistence within their communities.
Otuaro expressed optimism that the New Year would bring greater opportunities, peace and prosperity to the Niger Delta and the country at large, wishing the people a Merry Christmas and a prosperous New Year.
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Season’s Greetings: Kpaidia Salutes Tantita Leadership, Reaffirms Commitment to Corporate Harmony
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A senior stakeholder, Gen. Dennis Kpaidia, has extended warm Christmas and New Year greetings to the leadership of Tantita Security Services Nigeria Limited, commending their dedication to national asset protection and organizational excellence.
In his goodwill message, Kpaidia paid tribute to the Chairman, Government Oweizide Ekpemupolo, Vice Chairman Matthew Tonlagha, Managing Director Kestin Ebimobowei Pondi, General Manager Godfrey Tare Pondi, the Community Laison Officer, Pastor Akposafagha Seimode, and the Chairman, Delta Waterways and Land Security Committee Boro Opudu.
Others include Mr. Roland Isereke Head of Technical, and the Principal Secretary to the GM, Emmanuel Gesikeme Akpule.
He wished the executives continued joy during the festive season and prayed that the New Year would usher in renewed hope, robust health, and expanded opportunities for them and their families. The message underscored appreciation for Tantita’s leadership cohesion and its role in sustaining peace and productivity across operational corridors.
Kpaidia concluded by reiterating his confidence in the company’s vision and leadership, expressing optimism for greater milestones in the year ahead.
By: Divine Perezide
The Administrator of the Presidential Amnesty Programme (PAP), Dr Dennis Otuaro, has applauded the conferment of an Honorary Doctorate of Science (D.Sc) in Community Development and Empowerment on Mrs Esther Matthew Tonlagha, founder of the Esther Matthew Tonlagha Foundation.
Mrs Tonlagha received the prestigious honour from the Federal University, Otuoke, during the institution’s maiden combined convocation ceremony held on December 8, 2025, in Otuoke, Bayelsa State. The award recognizes her outstanding contributions to grassroots development, social empowerment, and humanitarian service across communities in the Niger Delta.
In a congratulatory message, Otuaro described the award as a fitting recognition of Mrs Tonlagha’s consistent dedication to uplifting vulnerable groups through her foundation. He praised her as a compassionate philanthropist whose impact continues to resonate beyond her immediate environment.
The PAP Administrator noted that the honouree, who is married to prominent ljaw businessman and engineer, Engr. Matthew Tonlagha has demonstrated uncommon commitment to service, driven by strong moral values and faith. He expressed confidence that the recognition would further inspire her to expand her humanitarian interventions.
Otuaro also commended the management of the Federal University, Otuoke, for acknowledging Mrs Tonlagha’s sacrifices, achievements, and the transformative work of her foundation, describing the gesture as an encouragement to individuals dedicated to community development and empowerment.