N54bn

N54bn released for pension arrears not enough – Pensioners

The Nigerian Union of Pensioners has said the N54bn released by the Federal Government for payment of pensions was not enough to offset pension arrears. NUP President, Dr Abel Afolayan said this in a statement on Thursday in Abuja. Afolayan said the Federal Government owes pensioners over N280bn. He said, “NUP has it on verified record... Read More

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April 6, 2017

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FG releases N54bn for pension arrears

by Dolapo Adelana The Federal Government on Wednesday said it had cleared the inherited arrears of accrued pension benefit for the years 2014, 2015 and 2016 by releasing N41.5bn to the National Pension Commission for onward payment to the retirees. The Minister of Finance, Mrs. Kemi Adeosun, made the disclosure in a statement from the ministry,... Read More

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