Browsing Tag
Pension
9 posts
PenCom Threatens Penalties Over Slow Pension Account Data Recapture
PenCom is planning to enforce sanctions on Pension Fund Administrators due to a sluggish response in the mandatory Retirement Savings Account data recapture initiative.
Plateau State Assembly Scraps Pension Bill for Former Legislators
Facing heavy public pressure and organized protests, the Plateau State House of Assembly has retracted a controversial bill that would have provided pensions to former legislators.
Federal Government borrowing and elevated interest rates fuel growth in pension fund investments
Pension fund investments in Nigerian government debt securities grew significantly in May 2026, driven by rising yields and the government's increased borrowing requirements.
Tinubu claims he is fixing pension failures left by Atiku
President Bola Tinubu asserts he is resolving pension issues caused by former Vice President Atiku Abubakar’s privatization policies.
Private sector leaders warn that raising pension contributions threatens jobs
Nigeria's private sector umbrella group, OPSN, is pushing back against a proposed hike in pension contributions, warning that it will trigger job losses and stifle business growth.
Tinubu Criticizes Atiku Over Past Privatization and Unpaid Pensions
President Bola Tinubu accused former Vice President Atiku Abubakar of creating pension backlogs through government privatization, pledging to settle these debts while focusing on national stability.
Kano Pension Board Pursues Court Order to Reclaim N5.3 Million Erroneous Transfer
The Kano State Pension Board is taking legal steps to recover over N5.3 million sent to the wrong account due to a clerical error during a bulk payment process.
Adamawa State Raises Minimum Pension to N50,000
Governor Ahmadu Fintiri has increased the minimum monthly pension for Adamawa state civil servants to N50,000, ending a two-decade period where the lowest-paid retirees received only N4,000.
Federal Government Settles ₦39.63 Billion in Pension Debts
The Federal Government has distributed ₦39.63 billion to nearly 25,000 retirees to clear long-standing pension liabilities, marking a significant effort to support the welfare of former public servants.