Significance Of Social Security

Social protection has been utilised as a policy of social and economic stabilisation. It has many good things to offer for the holistic development of a country. Universal access to comprehensive, adapted, and sustainable social protection systems that provide benefits for all, during the entire life course, and in response to covariate shocks, is the right way towards development and prosperity. It is equally important to know and understand the costs associated with not having a robust social protection system in the country. Social protection is a human right to which everyone in any society should have access. This notion demands for extending social protection for all. It is also a prerequisite for social equality, cohesion and justice.