By Correspondent in Abuja.
The National Pension Commission (PenCom) has reassured pensioners across Nigeria that all outstanding pension increases approved by the Federal Government will be fully implemented before the end of 2025, following the release of a ₦758 billion bond by President Bola Ahmed Tinubu.
The PenCom Director General, Ms.Omolola Oloworaran, gave the assurance during a courtesy visit to the headquarters of the Nigeria Union of Pensioners (NUP) in Abuja.
Oloworaran commended the NUP for its relentless advocacy in defending the rights of retirees, noting that the Union’s representation on PenCom’s Governing Board has been crucial to the smooth running and effective implementation of the Contributory Pension Scheme (CPS).
She emphasized that the welfare of pensioners remains central to PenCom’s mandate, adding that the Commission is working to ensure the prompt disbursement of funds from the ₦758 billion bond.
“We are working to ensure that funds are disbursed without delay, so that retirees can enjoy the dignity they deserve after years of service,” she said.
The PenCom boss also highlighted the importance of sustained collaboration between the Commission and the NUP, stressing that both share a common mission of safeguarding retirees’ welfare and consolidating the gains of pension reforms.
Responding,NUP President, Godwin Ikechukwu Abumisi, described the visit as historic, noting that Oloworaran is the first PenCom Director General to visit the Union’s national headquarters.
He praised PenCom boss as a “star performer” in prioritising retirees’ welfare and lauded President Tinubu for placing pensioners’ wellbeing at the centre of government policy.
Abumisi, however, urged PenCom to ensure that all previous pension increases under the CPS are fully implemented. Responding, Oloworaran reaffirmed that the implementation would be completed before year-end once the bond proceeds are disbursed.
