By Dada Ahmed in Lokoja.
Retirees under the Contributory Pension Scheme, CPS, living in Lokoja, Kogi State, have commended, the President,Bola Ahmed Tinubu,the Senate and the leadership of National Union of Pensioners,Contributory Pension Schedule, for their input towards the approval of the N757 billion bond for the payment of the CPS retirees’arrears.
The retirees, who gave the commendations while reacting to the approval of the bond, described the development as a big relief to them and their families who have been waiting and praying for the approval of the bond.
Mohammed Mahmud, Kabir Ali, Emmanuel Alabi and Mrs. Esther Ajayi among others,who spoke with our correspondent in Lokoja on Wednesday, described the approval as a reflection of Tinubu ‘s resolve to enhance the quality of life of retirees in the country.
“W have been yearning for the payment of our arrears since 2007 til date with no response from the government but the Tinubu-led resolved to answer our age long prayer.
“We thank him and other stakeholders ;the Senate and our union, for being valued allies in ensuring the approval of the bond,” he said.
The retirees concerned, however, stressed for the timely,honest and quick implementation of the payment of the arrears for those it is meant for to derive maximum benefit from the exercise.
Our recalls that thd Senate on Tuesday, approved the 2025-2026 external borrowing plan of $21.5 billion dollars presented by President Bola Tinubu for consideration.
The Senate also approved the issuance of Federal Government Bond of N757 billion for payment of accrued rights pension arrears as at December 2023 for the Contributory Pension Scheme (CPS)
The Senate’s approval followed presentation of the report of Committee on Local and Foreign Debts at plenary by Chairman of the committee, Sen. Aliyu Wamakko (APC-Sokoto).
The loan request, according to the president, is aimed at funding various critical national development projects across key sectors of the economy.
