NUP Hails Tinubu’s Pension Reforms

Magdalene Ukuedojor
Apr, Wed, 2025

General News

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By Muhammad Nur Tijani

The Nigeria Union of Pensioners (NUP) has commended President Bola Tinubu over his recent strides to transform pension administration in the country.

The National President of the union, Mr Godwin Abumisi, said this at the 12th Quadrennial National Delegates’ Conference of the union, in Kano.

The conference was being hosted by the Kano State Government.

Abumisi applauded the President over the release of N758 billion, to clear backlogs of accrued rights of pensioners, approval of 20 per cent pension increase and the implementation of N32,000 minimum pension.

He described the gesture as “commendable milestones” towards improving the welfare of pensioners in the country.

“We appeal to the President to release enough funds to the Pension Transitional Arrangement Directorate (PTAD), to commence implementation immediately and settle the 10 months outstanding arrears,” he said.

The NUP president also drew the attention of the Federal Government to the plight of pensioners of the defunct Nigeria Airways, lamenting that they had suffered neglect since the liquidation of the airline in 2004.

“Despite a partial payment of N45 billion by the previous administration, a balance of N36 billion remains unpaid,” he said, and called for the release of funds through the Presidential Initiative on Continuous Audit (PICA), to settle the entitlements.

He commended stakeholders for their roles in sustaining pension reforms over the past four years, including state governors, the National Assembly, PENCOM, PTAD, and the Ministry of Labour and Employment.

Abumisi also thanked Gov. Abba Kabir -Yusuf for his support to the association and pensioners in the state.

“Having paid accumulated gratuity arrears amounting to N16 billion in less than two years in office, which formed the basis for conferring on him the ‘Outstanding Pensioner-Friendly Governor’ Award in 2024.

“I implore all delegates to explore and enjoy the serenity of the ancient city of Kano,” he said.

NUP also conferred the ‘Pensioners-Friendly Governor’ Award on Gov. Muhammad Bago of Niger, which he personally received.

The conference was being attended by delegates from across the 36 states of the federation and the FCT. (NAN)(www.nannews.ng)

Edited by Rabiu Sani-Ali

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Eugene Uduigwome

2 months ago

President Tinubu indeed deserve commendation for approving funds to cleaer accrued pension rights and pension increases for contributory retirees.The Honourable minister of finance Mr Wale Edun also deserve kudos for the role he has so far played in ensuring that contributory pensioners get their accrued rights and pension increases.
However I hope that when contributory pensioners are eventually paid, PENCOM and PIA’S will not deduct, regulatory charges, management fees , commissions etc, from the pension increases that will be paid to contributory pensioners.
PENCOM and PFAS should not deduct any dime from the pension increases to be paid to contributory pensioners, because they did not make any professional input towards the payment of the proposed pension increases which has been made possible in compliance with section 173(3) of the 1999 constitution of the federal republic of Nigeria (as amended) and also due to the magnanimity of President Tinubu.
Moreover when DBS pensioners were paid their pension increases and arrears, they were paid in full without deductions by PTAD,,same also should be applicable to contributory pensioners.
Can the pension reform reform act of 2004 and the amended act of 2014 which has caused pension inequity said to be a good law? certainly it is very obvious that the pension reform act prevailing now has not achieved it’s objective because it is only PFAS that are benefiting from the law and not workers amd pensioners.
Consequently the pension reform act ought to be reviewed and replaced with a Public managed pension law that truely benefits worker’s and retirees in Nigeria