Pensioners Celebrate Tinubu's 74th with Pension Reforms

On the occasion of President Bola Tinubu's 74th birthday, the Nigeria Union of Pensioners, led by President Godwin Abumisi, praised his administration for significant reforms in the pension sector, notably a ₦700 billion initiative to clear outstanding liabilities in pension schemes. This reform aims to address long-standing challenges, including delayed payments and accumulated arrears, which have affected retirees across Nigeria.

Abumisi highlighted the government's approval of a monthly pension increase of ₦32,000 as a compassionate decision to alleviate the financial struggles of retirees amidst rising inflation. The union also commended the government for maintaining consistent monthly payments, particularly for pensioners from government parastatals.

However, they urged state governments to implement the approved pension increases and called for an expedited rollout of a proposed health insurance scheme for pensioners to improve their quality of life. The union emphasized the importance of these reforms as part of Tinubu's broader economic strategy since assuming office in May 2023.