30th September 2025-Published by Cyril
The Federal Government has commenced the long-awaited implementation of a new pension increment for retirees under the Defined Benefit Scheme (DBS), with payments now reflected in the September 2025 payroll, according to the Pension Transitional Arrangement Directorate (PTAD).
In a statement posted on its official X handle, PTAD confirmed that the new package features a fixed N32,000 increment alongside percentage increases of 10.66% and 12.95%, benefiting more than 832,000 pensioners nationwide.
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This development follows President Bola Ahmed Tinubu’s approval of a special welfare package for senior citizens earlier in August, after a formal request by PTAD’s Executive Secretary, Tolulope Odunaiya, for an emergency budgetary allocation to ease pension reforms and welfare benefits.
According to PTAD, the Federal Ministry of Finance has already released ₦820.188 billion from the ₦845 billion emergency funding earlier approved, paving the way for immediate disbursement.
- “The implementation of the 10.66% and 12.95% increment alongside the ₦32,000 fixed increase clearly reaffirms the government’s dedication to safeguarding the welfare of pensioners under the DBS in line with the Renewed Hope Agenda,” the Directorate noted.
The new reforms cover pension harmonisation, enrolment into the National Health Insurance Scheme (NHIS), and the settlement of long-standing unfunded pension liabilities that have plagued retirees for decades.
PTAD expressed gratitude to President Tinubu, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the Minister of State for Finance, Doris Uzoka-Anite, and the Accountant-General of the Federation for their timely intervention. Organised pension groups, including the Nigeria Union of Pensioners (NUP) and the Federal Parastatals and Private Sector Pensioners Association of Nigeria (FEPPPAN), were also commended for their cooperation during negotiations.
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The DBS applies to workers who retired before the introduction of the Contributory Pension Scheme in 2004, including those from defunct institutions, privatised agencies, and treasury-funded parastatals. Many of these retirees have endured irregular payments, delayed harmonisation, and poor healthcare access, challenges the new increment seeks to resolve.
With the first phase of funding now in motion, PTAD assured pensioners of continued collaboration with relevant authorities to ensure the release of outstanding allocations and full implementation of the pension reforms.
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