Nigerian Retirees to Receive Full Pension Payments by December 2025, Confirms PenCom

The Pension Commission (PenCom) in Nigeria has assured retirees that all outstanding pension arrears and gratuities will be fully cleared by December 2025, following the maturity of a ₦758 billion bond issued by the federal government. This assurance was given by PenCom's Director-General during a sensitization workshop in Owerri, jointly organized with the National Salaries, Income, and Wages Commission.

The move reflects the government's commitment to enhancing the welfare of retirees and ensuring they receive their entitlements without delay. The workshop aimed to address concerns regarding pension processes and arrears, with attendees commending the government's efforts to clear accumulated arrears and improve pension payments.

Mr. Chris Duru, a retiree, expressed gratitude for the sensitization exercise and urged for annual updates on pension benefits.