Tag: pensioners

Buhari approves minimum wage for pensioners

President Muhammadu Buhari has approved the payment of the consequential adjustment to pensioners. President Buhari’s approval of the Defined Benefit Scheme (DBS) is in line with the minimum wage approved in 2019. The Executive Secretary, Pension Transitional Arrangement Directorate, Dr Chioma Ejikeme, disclosed this at a news conference in Abuja.[Read More…]

Nigerian Pensioners threaten Federal Government with protest

Pensioners in Nigeria have threatened to embark on a nationwide protest giving the Federal Government a 21-day ultimatum. The pensioners during a briefing in Abuja called on the Federal Government to implement the Consequential adjustment of pensions, arising from the implementation of the National minimum wage for Nigerian workers; hence[Read More…]

Federal Government Owes 105,920 Retirees N705 billion

  The National Pension Commission (PenCom) says the Federal Government owes 105,920 retirees about N705 billion. This is contained in a memorandum submitted by the Director-General, National Pension Commission (PenCom), Ms Chinelo Anohu-Amazu, to the National Assembly Joint Committee on Appropriations. According to the organisation, the Federal Government owes its 2016[Read More…]

Scores of Imo Retirees Protest 60% Pension Cut

Scores of pensioners on Tuesday marched along major streets of Owerri, the Imo capital to protest payment of only 40 per cent arrears of pension to retirees by the Imo Government. The News Agency of Nigeria (NAN) reports that the pensioners arrived at Orlu Road Roundabout Owerri, the take-off point[Read More…]

ex-Biafran Policemen To Get Their Pension And Gratuities 46 Years After The Civil War

The 450 ex-Biafran policemen, who were pardoned in 2000 by ex-President Olusegun Obasanjo, would soon get their pension and gratuities. The former Biafran policemen will get pension 46 years after the civil war ended in January 1970. The Pension Transitional Arrangement Directorate (PTAD) which begins pensioners’ verification in northeast on[Read More…]

Edo Pensioners Protest N147.7bn World Bank Loan For Governor Oshiomhole

Pensioners in Edo State yesterday took to the streets of Benin City, the Edo State capital to protest President Muhammadu Buhari’s request to the National Assembly to approve N14.7billion ($75million) World Bank loan for the Governor Adams Oshiomhole’s administration. They said rather than approving new loans for Governor Oshiomhole, the[Read More…]

Ugochukwu Ugwuanyi: Reps-Prescribed Life Pension And Its Inherent Crassness

Imagine that a man diligently serves the fatherland for 35 years, contributing a specified sum out of his salary to become his pension when the feebleness of old age sets in. Yet, at the end of the day, he gets pittance out of such accumulated life saving. It even eludes[Read More…]

FG Orders Free Medicare For Retired Soldiers At All Military Hospitals

As part of activities to mark the Armed Forces Remembrance Day, the federal government has directed all military hospitals in the country to immediately commence the provision of Medicare to retired military personnel in the country irrespective of whether they had the money to pay or not noting that costs[Read More…]