4 days ago
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The National Pension Commission has organised an advocacy retreat aimed astatine improving the dignity and amended aboriginal of national workers and pensioners.
The retreat drew participants from MDAs nether the Contributory Pension Scheme from the North-East and was held astatine the Modibbo Adama University Yola.
Declaring the store unfastened Pencom manager general, Ms Omolola Oloworaran said national authorities has brought the much-needed alleviation to susceptible pensioners pursuing support for the issuance of N758 cardinal bonds to wide long-standing pension obligations, including pension increases owed since 2007.
Oloworaran said successful total, much than 844,000 retirees crossed some nationalist and backstage sectors present bask status benefits that are steady, reliable, and transparent.
The DG, represented by Bello Abubakar, commissioner of Administration, stated that much than 10 cardinal Nigerians, including nationalist work employees, backstage assemblage workers, artisans, and the self-employed, are covered nether the CPS done the Personal Pension Plan.
Additionally, helium explained that pension assets person grown to implicit ₦25 trillion, fueling nationalist improvement done strategical investments, portion besides securing regular monthly pensions for implicit 552,000 retirees and lump sum benefits for an further 291,735 retirees.
He further stressed that pension matters person moved from an epoch defined by unpaid entitlements and uncertainty to a caller bid anchored connected transparency, sustainability, and inclusiveness with the approval.
He listed an summation successful monthly pensions from ₦12.157 cardinal to ₦14.837 billion, effectual June 2025, and zero waiting clip for Pension Payments, since July 2025, arsenic a boost successful the system.
The president of the Nigerian National Salaries, Incomes and Wages Commission (NSIWC), Ekpo Nta lauded caller reforms successful the pension medication successful the country.
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