2nd Term
OTHER
STRONG INSTITUTIONS
(1)Armed forces: the
Nigerian armed forces include Army, Navy and Air force. They protect the
country from external aggression that may come through the land, sea or air
respectively. The ranks in the Navy include vice-admiral. The ranks in the Air force
include air-marshal. The ranks in the army include sergeant, major, colonel,
major-general, General. Nevertheless, the Commander-in-chief of the armed
forces is the President.
(2)Trade
Union: a trade union is an association of people that are into a
particular trade so as to speak with one voice both to the government and to
their customers. E.g. National Union of Teachers, National Union of Journalists
etc. It helps democracy by serving as a pressure group which presents the
pressing needs of the people especially the people in their own trade to the
government for immediate attention.
(3)Civil
Societies: a civil society is a non-governmental and non-profit making
organization whose major aim is to pursue the interest of the citizens. The 3
features of civil societies are (1)non-governmental (2) non-profiting (3)public
interest. The 8 types of civil societies are (1)NGO’s (2)Faith-based organizations
like CAN, NASFAT etc. (3) community based societies like vigilante, Bakassi
Boys (4) Online groups like Amnesty International. This is a kind of
unregistered group whose activities are carried out on the internet. Some of
them have no physical or legal base. (5)
social movements like Ohanaeze Ndi-Igbo, Odua People’s Congress, Movement for
the Emancipation of Niger Delta MEND, Arewa People’s Congress, (6)
Labour Union e.g. NLC (7) Social Entrepreneurship.
They apply market-oriented approach to cause social changes
(4)EFCC: The Economic
and Financial Crimes Commission (EFCC) is a Nigerian law
enforcement agency that investigates financial crimes such as advance
fee fraud (419 fraud) and money
laundering. The EFCC was established in 2003, partially in response to
pressure from the Financial Action Task Force on Money
Laundering (FATF), which named Nigeria as one of 23 countries non-cooperative
in the international community's efforts to fight money laundering. The agency
has its head office in Abuja.
(5)SSS: state security service is the primary
domestic intelligence agency of Nigeria. It is primarily responsible for
intelligence gathering within the country and for the protection of senior
government officials, particularly the President and state governors. It is one of
three successor organizations to the National Security Organization (NSO),
dissolved in 1986. The SSS operates as a department within the presidency and
is under the control of the National Security Adviser.
(6)NPS: National Pension
Scheme or NPS is a voluntary savings
scheme that helps individuals to accumulate savings for the retirement years.
According to the current laws, withdrawals are not allowed before the person
reaches the age of 60 years or attains the age of superannuation, except in
specified cases. Withdrawals from the NPS are income tax exempt if the
subscriber withdraws up to 40 per cent of the corpus on reaching the age of 60 years or attaining superannuation.
Overall, an NPS subscriber can withdraw up to 60 per cent of the maturity
corpus at the age of 60 years or on superannuation. The remaining amount has to
be converted into annuity. The subscriber can choose to purchase an annuity for
an amount greater than 40 per cent. An annuity is a financial product that
gives you periodic income or pension.
No comments:
Post a Comment