BY NKECHI NAECHE-ESEZOBOR—As a worker, it is good to engage in side hustles to improve your pension contributions monthly, quarterly, half-yearly, or even yearly.
Ideas for Small Businesses
POS: This is one of the cheapest businesses to start. With as little as N100,000, this business will take off. You can set aside a fixed percentage of your side income as your pension contribution.
Retail business: Provisions, foodstuffs, and even catering services such as small chops groundnuts, popcorn, snacks are also side hustles that can contribute to your pension savings.
Laundry services: This is another idea that is affordable and easy to start without needing much money. It can be set up on a small scale.
Vegetable farming / poultry or fish farming: Vegetables such as ugu, okro, ewedu, efo shoko, and efinrin can be planted in jerrycans and empty rice bags. You can get a carpenter to build small chicken pens so you can start your poultry business. For catfish, you just need bowls and a small space.
Service provider: Services such as freelance writing, transcription, and lecturing as a lesson teacher for WAEC, GCE,NECO JAMB, French, etc. can be done while still in active service. Some of these can be done on weekends, part-time, or even online.
You don’t need to struggle in retirement if you do the right thing.
