A financial advisor with Leadway Assurance, Mr. Ojo Stephen Olumide, has raised serious concerns over the financial future of retirees in Nigeria, stating that pension payments alone are grossly insufficient to sustain a comfortable post-retirement life, especially in the face of rising inflation and economic uncertainty.

Speaking in an exclusive interview with Onspotnewsng, Mr. Olumide emphasized the importance of structured investment plans as a necessary supplement to pension funds for Nigerians both at home and abroad.

“Depending solely on pension is no longer viable,” he warned. “Every family needs a proper investment strategy to secure retirement, children’s education, and long-term financial goals.”

Alternative Investment Plans for Nigerians

Mr. Olumide outlined four major investment packages available through Leadway Assurance that cater to various life goals:

1. Customer Comfortable Retirement Plan

Designed for those who want to secure a comfortable retirement, this plan allows individuals to set a future financial goal—such as receiving N50 million at retirement—with a customized monthly contribution plan.

Key Features:

  • Lump sum payout at maturity or to a beneficiary in case of death, critical illness, or permanent disability.

  • Zero-risk, high-yield investment.

  • Ideal for long-term projects or as pension augmentation.

  • Investment certificates can aid mortgage applications.

“It encourages retirees to look forward to retirement rather than fear it,” Olumide explained.

2. Education Target Plan (ETP)

This plan focuses on funding children’s university education, ensuring tuition and related expenses are handled without financial stress—whether or not the parent is alive.

Key Benefits:

  • Zero-risk with increasing value.

  • Payout in case of death or disability.

  • Guarantees uninterrupted university education.

3. Education Target Plan Plus (ETPP)

An upgraded version of the ETP, the ETPP covers all levels of education, offering periodic lump sum payments over 9, 12, or 15 years.

Payment Structure:

  • Payments made every 3–5 years depending on plan duration (25%, 25%, 50%).

  • 100% payout to beneficiaries if the policyholder dies at any stage.

Advantages:

  • Financial stability for families.

  • Flexibility in managing school fees over time.

  • Stress-free educational planning.

4. Leadway Investment Plan (LIP)

This is a long-term savings/investment option for individuals looking to grow idle funds into massive returns.

Examples of ROI:

  • N5 million invested over 20 years returns N63 million.

  • N100 million invested for 5 years yields N180 million (N80 million profit).

Features:

  • Zero risk.

  • Valid for both living policyholders and named beneficiaries.

  • Suitable for building generational wealth.

Conclusion and Call to Action

Mr. Olumide warned Nigerians not to leave their future or that of their loved ones to chance, stressing that “tomorrow is not guaranteed.” He urged families to explore at least one of the available options to avoid financial distress in the future.

“Only well-structured investment plans like these can secure a meaningful tomorrow,” he concluded.

For more information or to begin your investment journey, Mr. Olumide can be reached via Email: [email protected] or Call/WhatsApp: +234-810-008-9497.