Include Pension Arrears In 2026 Budget, Tinubu Tells Directorate

President Bola Tinubu has approved the Pension Arrangement Directorate (PTAD) to see pension-related items successful the 2026 fund proposal, including backing for the afloat implementation of the N32,000 pension increment and colony of unfunded pension liabilities.

The support besides includes a Budgetary proviso for the colony of the projected pension harmonisation argumentation and wellness security sum for the Defined Benefit Scheme (DBS) pensioners.

According to a connection issued by the directorate yesterday, PTAD enforcement caput Tolulope Odunaiya, made the disclosure erstwhile she hosted the House of Representatives Committee connected Pensions connected an authoritative oversight sojourn to its PTAD office successful Abuja.

The engagement, led by the committee chairman, Jallo Hussaini Mohammed, was designed for the lawmakers to measure PTAD’s operations and reappraisal its fund show for 2024 and the archetypal fractional of 2025.

While giving an overview of the Directorate’s fund performance, she enumerated the cardinal achievements of the Directorate connected the palmy implementation of the 20/28 per cent pension increment (WEF January 2024) into its September 2024 pension payroll and afloat colony of the accrued arrears.

She said  determination was a  continuous arrears outgo of the N32,000, 10.66 per cent and 12.95 per cent pension increments with the disposable savings made from successive balances of funds successful the pension sub-head aft paying the monthly pension.

Reaffirming PTAD’s steadfast committedness to DBS pensioners, she acknowledged the invaluable concern and oversight relation of the National Assembly successful strengthening pension medication successful Nigeria. She besides highlighted cardinal challenges facing the Directorate and sought the Committee’s enactment successful addressing them.

In his response, Mohammed commended PTAD for its strides successful enhancing pension payments and improving work delivery. He assured that the committee would proceed to enactment intimately with PTAD to guarantee the payment of DBS pensioners remained a nationalist priority.