,,,,,,Pensioners deserve honor, they are not liabilities but represent enduring legacy– Akume.
By Correspondent in Abuja.
The National Chairman of the Nigeria Union of Pensioners, Contributory Pension Scheme Sector (NUPCPS), Mr. Sylva Nwaiwu, has appealed to the National Assembly to expedite approval for the implementation of the N758 billion Treasury bond.
Nwaiwu made the call on Tuesday during the Union’s National Conference held in Abuja.
He commended President Bola Tinubu for his efforts in addressing pensioners’ concerns and applauded the Federal Executive Council (FEC) for approving the Treasury bond in February.
Our correspondent reports that part of the bond, presented to the Senate in May,2025, is intended to clear longstanding government liabilities to retirees under the Contributory Pension Scheme (CPS), dating back over two decades.
“The leadership of this union believes that the bond approval is not only a necessary fiscal decision to settle outstanding government liabilities to CPS retirees, but also a demonstration of humanity, fiscal responsibility, and moral obligation by the president.
” This gesture deserves commendation and should be supported by the Senate,” Nwaiwu stated.
He expressed sorrow that many CPS retirees had passed away while waiting for their entitlements, despite their initial joy when the bond was approved.
“We had hoped that these retirees would live to enjoy better pensions and a more dignified life. Sadly, many are no longer with us,” he lamented.
Nwaiwu emphasized the urgency of implementing the bond to prevent further fatalities due to stress and prolonged anticipation.
“It has become imperative to draw the Federal Government’s attention to the urgent need for implementation. Delays are causing avoidable deaths from hypertension and stress-related illnesses among retirees,” he added.
Nwaiwu added that once the bond is implemented, the union plans to hold a nationwide solidarity celebration in support of the Tinubu administration.
Also speaking at the event, the Secretary to the Government of the Federation (SGF), Mr. George Akume, reiterated the administration’s commitment to pensioners’ welfare.
Represented by the Permanent Secretary, Political and Economic Affairs, Office of the SGF, Mr. Nadungu Gagare, Akume highlighted the government’s empathy and accountability in handling pension matters.
“This administration is driven by humanity, fiscal responsibility, and a deep moral obligation. Pensioners are not to be pitied but to be honoured; they are not liabilities, they are legacies,” Akume said.
He noted that President Tinubu has already taken bold steps to reform the pension system, including reviewing and approving measures to clear accrued pension liabilities under the CPS.
Edited by Dada Ahmed.
