Tinubu Promises Pension Security for Retirees in Nigeria
President Bola Tinubu declared that no Nigerian who has served the country will be abandoned in retirement, announcing new pension guarantees at the inaugural National Pension Week Leadership Summit held at the Transcorp Hilton, Abuja. The measures include the implementation of the long-delayed Minimum Pension Guarantee and a new healthcare program for low-income retirees.
Yomi Odunuga, Special Adviser on Media and Publicity to the Secretary to the Government of the Federation, conveyed the President's message. Senator George Akume, Secretary to the Government of the Federation, emphasized that pension obligations are a responsibility owed to workers.
Tinubu revealed that his administration inherited unsettled pension obligations and approved a N758 billion Federal Government Pension Bond to address these issues. The bond aims to settle accrued rights and strengthen the Pension Protection Fund.
The Minimum Pension Guarantee, part of the Pension Reform Act 2014, will be implemented after remaining unfulfilled for over 11 years.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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