Nigeria Police Proposes Increase in Pension Contributions

Muhammad Duts, the Managing Director of the Nigeria Police Force Pension, announced a proposal to increase the federal government's pension contribution for police personnel from the current 10% to 20%. This proposal has been forwarded to President Bola Tinubu and the National Pension Commission as part of ongoing efforts to address the low pension benefits for retired police officers.
Duts highlighted that the existing contribution structure is insufficient to guarantee adequate retirement benefits, noting that the current pension reform act is under review. He expressed optimism that the review would result in stronger measures to improve retirement benefits.
The proposed increase would raise the total contribution to 28%, significantly boosting the retirement savings of police personnel. Additionally, the Nigeria Police Force Pension has launched a digital platform to enhance access to pension services for police personnel nationwide, with nearly 30,000 officers already enrolled.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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