By Huldah Shado
The Federal Government, through the Pension Transitional Arrangement Directorate (PTAD), has disbursed N8.6 billion in pension arrears to 148625 eligible retirees under the Defined Benefit Scheme.
This payment follows the approval of a N32000 pension increase by President Bola Tinubu in 2024 as part of efforts to enhance the welfare of senior citizens.
According to a statement issued on Monday by PTAD’s Head of Corporate Communications, Olugbenga Ajayi, the beneficiaries include retirees from the Civil Service, Police, Parastatals, and the Customs, Immigration and Correctional Services.
A detailed breakdown shows that N5.7 billion was paid to 59342 pensioners under the Parastatals Pensions Department while N2.3 billion went to 71084 pensioners in the Civil Service Pensions Department.
Additionally, N310 million was paid to 9579 retirees from the Police Pension Department and N276 million to 8620 pensioners from the Customs Immigration and Prisons Pension Department.
The Executive Secretary of PTAD, Dr Tolulope Odunaiya, said the payment demonstrates the Federal Government’s commitment to settling outstanding arrears resulting from the pension increment.
She reaffirmed the government’s dedication to improving the welfare of pensioners in line with President Tinubu’s Renewed Hope Agenda.
