FG Disburses ₦5.12bn Pension Arrears To 90,689 DBS Retirees – The Reflector Newspaper
Friday, August 29, 2025
  • About
  • Advertise
  • Careers
  • Contact
The Reflector Newspaper
  • Home
  • News
  • Politics
  • Featured
  • Foreign News
  • Business
  • Opinions
  • Sport
  • Crime
  • Others
    • Education
    • Economy
    • Entertainment
    • Fashion & Style
    • Health
    • Interview
    • Love & Relationships
    • Technology
  • Login
No Result
View All Result
The Reflector Newspaper
Home Featured

FG Disburses ₦5.12bn Pension Arrears To 90,689 DBS Retirees

Ifeanyi Uzoechiena by Ifeanyi Uzoechiena
August 11, 2025
in Featured, News
0
FG Disburses ₦5.12bn Pension Arrears To 90,689 DBS Retirees
0
SHARES
7
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsAppShare on TelegramSend to Email

The announcement by PTAD came as retirees under the auspices of the Nigerian Union of Pensioners on Monday protested over their unpaid entitlements

The Federal Government has disbursed ₦5.12 billion in pension arrears to 90,689 retirees under the defined benefit scheme (DBS).

Related posts

NEITI Backs Ojulari To Deliver Oil Sector Reforms

NEITI Backs Ojulari To Deliver Oil Sector Reforms

August 29, 2025
Edo NDLEA Decorates 7 Deputy Commanders 

Edo NDLEA Decorates 7 Deputy Commanders 

August 29, 2025

The Pension Transitional Arrangement Directorate (PTAD) announced this on Monday, stating that it had finalised the disbursement of the funds to the pensioners across the four pension departments.

In a statement dated August 11, 2025, and signed by the Head of the Corporate Communications Unit, Olugbenga Ajayi, PTAD said that the move was in line with the government’s commitment to clear outstanding pension liabilities.

“In keeping with its assurance to clear outstanding pension liabilities as funds are disbursed by the Federal Government, the Pension Transitional Arrangement Directorate (PTAD) has finalised the disbursement of ₦5,119,328,000 to 90,689 pensioners across the four pension departments, reaffirming its continued dedication and unwavering commitment to pensioners’ welfare,” the agency said on Monday.

According to the breakdown in the statement, 8,626 pensioners in the Customs, Immigration, and Prisons Pension Department (CIPPD) received ₦276,032,000, while 9,681 pensioners under the Police Pension Department received ₦619,584,000.

PTAD also stated that while 12,773 retirees in the Civil Service Pension Department received ₦408,736,000, 59,609 retirees in the Parastatals Pension Department received ₦3,814,976,000

The agency stated that the payment reaffirmed the administration’s ongoing commitment to “ensuring that pensioners receive their due entitlements in line with the Renewed Hope Agenda of President Bola Tinubu”.

The announcement by PTAD came as retirees under the auspices of the Nigerian Union of Pensioners on Monday protested over their unpaid entitlements, up to 35 months of pension arrears, and non-payment of ₦35,000 palliative.

The protesters were said to be retirees from various agencies, including the defunct Nigeria Telecommunications Limited (Nitel), Federal Radio Corporation of Nigeria (FRCN), and the Nigerian Railway Corporation (NRC).

On August 9, 2025, President Tinubu approved measures aimed at improving the welfare of pensioners under the Defined Benefit Scheme (DBS).

A statement issued by PTAD’s spokesman, Olugbenga Ajayi, said the development marked a significant milestone in Nigeria’s pension reform efforts.

Ajayi also noted that PTAD had previously settled arrears related to the first pension increment of 20 per cent to 28 per cent, which came into effect in January 2024.

The agency said the approvals, which aligned with the President’s Renewed Hope Agenda, contained the immediate implementation of an extra budgetary allocation to enforce new pension rates for DBS pensioners.

The President also endorsed the adoption of a proposed pension harmonisation policy, which will be incorporated into the 2026 pension budget, while health insurance coverage for all DBS pensioners was approved, ensuring access to essential healthcare services, the agency said.

The President’s directive included unpaid liabilities owed to NITEL/MTEL pensioners and other retirees from defunct parastatals in the 2026 budget proposal.

The approvals followed a formal request submitted by Odunaiya, who had urged the Presidency to authorise emergency budgetary allocations to implement critical pension reforms.

The proposed reforms include a new pension rate of N32,000 and incremental increases of 10.66 per cent and 12.95 per cent for pensioners from defunct and privatised agencies.

 

Channels TV

Tags: Pensioners

The Reflector Newspaper's newsletters cover a variety of topics, from daily news to lifestyle content, markets info to medical news. Subscribe to get the latest information.

Unsubscribe
Previous Post

Passenger Who Assaulted Ibom Air Hostess Remanded In Kirikiri

Next Post

JUST IN: Ogun Govt Seals Gbenga Daniel’s House, Hotel

Next Post
JUST IN: Ogun Govt Seals Gbenga Daniel’s House, Hotel

JUST IN: Ogun Govt Seals Gbenga Daniel’s House, Hotel

RECOMMENDED NEWS

Restructuring: Buhari Cannot Act Outside Constitution – Hon. Jimoh

8 years ago
Tinubu’s 64th Independence Anniversary Speech (FULL TEXT)

BREAKING: Tinubu To Present N47.9tn 2025 Budget Dec 17

9 months ago

Strong Institutions Will Strengthen Nigeria’s Democracy, Says Wike

8 years ago
Surprise As Two Mentally Challenged Men Seen Discussing

Surprise As Two Mentally Challenged Men Seen Discussing

9 months ago

FOLLOW US

BROWSE BY CATEGORIES

  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion & Style
  • Featured
  • Foreign News
  • Health
  • Interview
  • Love & Relationships
  • News
  • Opinions
  • Politics
  • Sport
  • Technology
  • Uncategorized

BROWSE BY TOPICS

#EndBadGovernance protest 2027 Elections ADC Ademola Adeleke Akpabio Alaafin Of Oyo APC Atiku Bola Tinubu Buhari By-Elections CBEX Coalition Dangote Refinery Defection Economic and Financial Crimes Commission (EFCC) Economic Hardship EFCC Emergency Rule Federal Government of Nigeria Fubara Fuel Price Fuel Price Hike Gunmen INEC JAMB Natasha Nigerian National Petroleum Company Limited (NNPCL) Nnamdi Kanu NNPC NNPCL NYSC Olubadan PDP Peter Obi President Ahmed Bola Tinubu Rivers Administrator Rivers Assembly Rivers Crisis Senate Tinubu UTME VeryDarkMan WAEC Wike

POPULAR NEWS

  • Congo’s President Daughter’s Bedroom Surfaces Online

    Congo’s President Daughter’s Bedroom Surfaces Online

    0 shares
    Share 0 Tweet 0
  • Economy Bleeds As Naira Hits Record Low With N72.58 Depreiciation Against Dollar

    0 shares
    Share 0 Tweet 0
  • Old Naira Notes Remain Valid – CBN

    0 shares
    Share 0 Tweet 0
  • Gospel Actress, Flora Of Abattoir Movie Series Is Dead

    0 shares
    Share 0 Tweet 0
  • JUST IN: FCT Minister Wike Leads Eid-El-Fitr Homage To President Tinubu Amid Death Rumors

    0 shares
    Share 0 Tweet 0
The Reflector Newspaper

Our mission at The Reflector Newspaper is to cultivate a dynamic digital space where truth, integrity, and diversity thrive.

Follow us on social media:

Recent News

  • NEITI Backs Ojulari To Deliver Oil Sector Reforms
  • Edo NDLEA Decorates 7 Deputy Commanders 
  • Delta Deputy Speaker Criticizes Oil Firms For Ignoring Meeting
  • Former Super Eagles Striker Ujah Retires From Football

Category

  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion & Style
  • Featured
  • Foreign News
  • Health
  • Interview
  • Love & Relationships
  • News
  • Opinions
  • Politics
  • Sport
  • Technology
  • Uncategorized

Recent News

NEITI Backs Ojulari To Deliver Oil Sector Reforms

NEITI Backs Ojulari To Deliver Oil Sector Reforms

August 29, 2025
Edo NDLEA Decorates 7 Deputy Commanders 

Edo NDLEA Decorates 7 Deputy Commanders 

August 29, 2025
  • About
  • Advertise
  • Careers
  • Contact

Copyright © 2024 The Reflector Newspaper. Website designed by Mavens Designs.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Login
  • Home
  • News
  • Politics
  • Featured
  • Foreign News
  • Business
  • Opinions
  • Sport
  • Crime
  • Others
    • Education
    • Economy
    • Entertainment
    • Fashion & Style
    • Health
    • Interview
    • Love & Relationships
    • Technology

Copyright © 2024 The Reflector Newspaper. Website designed by Mavens Designs.

Verified by MonsterInsights