Tinubu Asks PTAD To Include Pension Needs In 2026 Budget

President Bola Tinubu has granted an support to the Pension Transitional 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 projected pension harmonisation policy, and wellness security sum for Defined Benefit Scheme (DBS) pensioners.

The Executive Secretary of PTAD, Tolulope Odunaiya, made the disclosure erstwhile she played big to the House of Representatives Committee connected Pensions, which was connected an authoritative oversight sojourn to PTAD office successful Abuja, according to a connection that was issued by the directorate connected Wednesday.

The engagement, led by the committee chairman, Hon. Jallo Hussaini Mohammed, was designed for the lawmakers to measure PTAD’s operations and reappraisal its fund show for 2024 arsenic good arsenic 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% pension increment (wef January 2024) into its September 2024 pension payroll and afloat colony of the accrued arrears.

She stated determination was continuous arrears outgo of the N32K, 10.66% and 12.95% pension increments with the disposable savings made from successive equilibrium 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, the legislative committee president 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 national priority.