He also called for the prompt implementation of long-overdue pension increases and a minimum pension guarantee, which would provide a safety net for the most vulnerable pensioners under the CPS.
The President gave the directives after receiving a briefing from Ms. Omolola Oloworaran, the Director General of the National Pension Commission (PenCom).
President Tinubu further mandated the PenCom DG to urgently resolve the longstanding police pension issue, emphasising that members of the police force who serve and protect the nation deserve to retire with dignity and peace of mind.
The DG also briefed the President on ongoing efforts to ensure the value preservation of pension fund assets, especially in the face of inflation and macroeconomic pressures, as well as plans to introduce foreign currency contributions to enable Nigerians in the diaspora to participate in the pension system
President Tinubu strongly supported the reforms, reaffirming his administration's commitment to inclusive growth and protection for ordinary Nigerians.
During the briefing, the DG updated the President on a suite of transformative pension initiatives to enhance retiree welfare and expand the Pension Scheme's reach.
Well done sir 🙏🏿
ReplyDeleteIt is one thing for the president to give order, the people that are supposed to implement these policies are the problem. Corruption has eaten too deep into Nigerias system. Some Oga don chop some people pension before who get pension retire that’s why you see them giving pensioners N1m etc
ReplyDeleteThere are homes in Nigeria where children can assess tuition for university and their parents can also benefit from subsidised healthcare costs. Those in between can access single digit mortgage while in federal civil service. That's very positive.
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