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Social Security and the Provision of Old Age Cash Support for Senior Citizens in Ekiti State, Nigeria

Globally senior citizens are majorly confronted with the problem of limited access to finances hence the need to grant them cash support. Old age is associated with reduction in income as a result of retirement from active service, ill health or weakness. The welfare of the senior citizens at this time of their lives depends mainly on the support they can get. Although there is pension provision in many countries for employees who had served for the required period of time. However, many of the senior citizens may not have worked in the formal sector and some may not have been employed at any point in time at all. Therefore, the pension provision in some countries alone may not be able to solve the problems of cash provision for senior citizens.