FG Disburses N13.87bn Pension Arrears to Retirees

The Federal Government of Nigeria has paid N13,873,565,547.52 in pension arrears to 18,822 retirees, including pensioners from the defunct Power Holding Company of Nigeria (PHCN) and five other government-linked organizations. This payment follows the implementation of pension increases of 13.8 percent and 20.55 percent, with some retirees receiving arrears accumulated over five years.

The announcement was made by Olugbenga Ajayi, PTAD’s Head of Corporate Communications. The payments include N9.42 billion to 7,391 PHCN pensioners as arrears from a 13.8 percent increase, covering 65 months from June 1, 2021, to October 31, 2026.

PHCN pensioners received approximately 67.9 percent of the total disbursed amount, despite being only 39.3 percent of the beneficiaries. Additionally, N4.46 billion was paid to 11,431 pensioners from five defunct organizations for 22 months of arrears due to a 20.55 percent increase, covering the period from January 1, 2025, to October 31, 2026.

These pension increases were approved by the National Salaries, Incomes and Wages Commission in a circular dated January 14, 2026.