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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
By: Divine Perezide
The forthcoming Ijaw Media Conference 2025 received a strong boost with the nod of the Bolowei of Niger Delta, High Chief Tunde Smooth, last Tuesday, to serve as Father of the Day at the high-powered media dialogue.
IduwiniVoice can report that this is the second edition in the annual event organised by the appex Ijaw Flagship Publishers Organisation, Ijaw Publishers Forum is christined “Safeguarding Niger Delta’s Natural Resources for Future Generations.”
Speaking during the fruitful meeting with the great Niger Delta leader, the Chairman of the Central Working Committee, Pastor Akemotubo explained that the theme of this year’s edition hints at a call to action over the growing concern regarding the pressure exerted on the region’s land and water resources.
He stated that the forum aims to deepen public discourse, encourage fair and responsible reporting, and call on regional leaders to preserve the region’s heritage.
He observed that High Chief Smooth’s longstanding contribution to cultural advancement and his steady involvement in regional affairs made him well suited for the honour.
Chief Smooth happed on the need for cooperation among community groups, professional bodies and traditional institutions.
He praised the Forum for its efforts to use media as a veritable tool for protecting the interests of the larger Niger Delta and Ijaw nation in particular, assuring them of his total support towards the conference.
He used the medium to appealed to other stakeholders across not just the Ijaw nation but across the Niger Delta to join in initiatives that safeguard the environment and strengthen the region’s future.
IduwiniVoice Social
EREKEDOUMENE JONATHAN YANGABOY BAGS THE REVERED IBEKOREWEI TITLE AT THE GRAND IDUWINI KINGDOM’S 2025 BINIKAMAI FESTIVAL
By: Derick Tama
Amatu-1, Grand Iduwini Kingdom, Ekeremor LGA of Bayelsa State – November 23, 2025. The very Ancient Grand Iduwini Kingdom of the Tobokirigha people, witnessed a historic and colourful moment during the 2025 BINIKAMAI FESTIVAL as Yangaboy Erekedoumene Jonathan was formerly conferred with a Cabinet Chieftaincy title, the revered “IBEKOREWEI OF GRAND IDUWINI KINGDOM” by His Imperial Majesty, Pere Joel Ekeni Ibani JP, Ogiobo-IX, (Ogonogbolo-Kirigbolo, Bolou Igbe-Tu Igbe, Gbarara-Gbururu, Opogolo-Opogolo Keme, the Paramount Ruler and Spiritual Custodian of the Tobokirigha stool), the revered Pere of Grand Iduwini Kingdom. The festival, held from Monday 17th to Saturday 22nd of November 2025 in Amatu-1 – the ancestral and spiritual root of the (Tobokirigha people) very Ancient Grand Iduwini Kingdom – drew traditional leaders, chiefs, community leaders, and other dignitaries from across Ijaw land.
The Pere admonished Erekedoumene who’s father, the late Amadiwei of Odimodi Community, His Highness, High Chief Yangaboy Okubonananabokefie Angalabiri was the last person to hold the exalted title that, the Ibekorewei title symbolises the unifyer, cultural Preserver, and spiritual steward of Iduwini people, which carries very deep cultural, political, and spiritual responsibilities. He noted that it entrusts him with the sacred duty of safeguarding the heritage, values, unity, and collective wellbeing of all Iduwini people (who were initially known as Tobokirigha people at the beginning of time), for generations to come.
Expressing profound gratitude, High Chief Erekedoumene Jonathan Yangaboy extended appreciations to His Imperial Majesty, Ogiobo-IX, the Pere and Finite ruler of Grand Iduwini Kingdom; the Grand Iduwini Chiefs in Council; and the entire citizenry of the kingdom for the honour. He also acknowledged the Odimodi community; the family of his late father, His Highness, High Chief Yangaboy Okubonananabokefie Angalabiri; the Gbolobonoghan family of Ayakoromor; and High Chief Simion Elex Pukon, the Bebefiewei of the Grand Iduwini Kingdom.
Yangaboy further appreciated his wife, Mrs. Mirabel Onoride Yangaboy; Mr. Roland Isereke; Pastor Akposafagha Seimo; Comrade Seiyefa Ekpemupolo; Comrade Emmanuel Gesikeme Akpule; the Tech/Operations Department of Tantita Security Services Nigeria Limited; and friends and colleagues whose goodwill and support strengthened him throughout the process.
He concluded by reaffirming his commitment to service of the Kingdom, stating, “Thank you for standing with me. Blessed be the Grand Iduwini Kingdom.”
IduwiniVoice Social
“A Leader with the People at Heart”: INC Western Zonal Spokesman, Massah Extols Pondi on Birth Anniversary
By: Divine Perezide
Hon. Godwin Massah, the spokesman of the Ijaw National Congress (INC), Western Zone, has expressed heartfelt birthday felicitations to the Rt. Hon. Dr. Julius Gbabozor Pondi (Ph.D), Member Representing Burutu Federal Constituency and the Chairman, House Committee on the South-South Development Commission.
This was communicated in his congratulatory message shared with IduwiniVoicenews desk. Hon. Massah, who was former Aide to the Delta State Governor, described Pondi as an astute leader whose antecedent smarcks of nothing but people-oriented service delivery and dedication that continue to inspire many within and beyond the Constituency.
“Happy Blessed Birthday to you, our Dear Leader, Rt. Hon. Julius Pondi – Member Representing Burutu Federal Constituency and Chairman, South-South Development Commission,” he started.
He prayed for renewed wisdom, strength, and greater achievement for the federal lawmaker as he marks a new year. “May this new year of yours be filled with wisdom, strength, and greater accomplishments as you continue to serve with dedication and grace,” he added.
Hon. Massah, who served as a first generation councillor Representing Ngbilebiri-I in the Burutu Legislative House wished Pondi, would later lead the Burutu House, many more fruitful years in good health, acknowledging his commitment to the advancement of the South-South region and the nation at large, closing his message with a heartfelt best wishes to the celebrant on his special day.