Nigeria Releases N470bn For Settlement Of Outstanding Pension

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Nigeria Releases N470bn For Settlement Of Outstanding Pension

The federal government has released the sum of N470 billion for the settlement of outstanding pension liabilities and promotion arrears of federal workers across the country.

The development was confirmed by the Nigeria Union of Pensioners (NUP), which said the Pension Transitional Arrangement Directorate (PTAD) had also assured that all pension arrears would soon be liquidated by the government.

The union also quoted the PTAD as appealing to its members nationwide to exercise a little more patience, as the government is ready to facilitate the payment of all entitlements in due course through the treasury bills and bonds.

In a statement signed by the General Secretary, Actor Zal and made available to newsmen in Abuja, on Sunday, Zal said payments of the arrears of 33% pension increase, (18 months for civilian pensioners and 39 months for police pensioners) as well as the backlog of arrears of gratuities that were owed pensioners since 2001 shall also be liquidated.

The statement added that “PTAD will equally commence the verification of pensioners from the South West and North Central zones within few weeks from now. The dates and venues of the exercise will be announced as soon as funds are released through print and electronic media by PTAD accordingly.”

It said that the union was appreciative “of the efforts of the Chairman House Committee on Pension, Hon. Hassan Shekarau and the Executive Secretary of PTAD, Bar. (Mrs) Sharon Ikeazor for their frantic and unshakeable efforts in this regard. We call on them and all other well-meaning Nigerians, to join hands with the federal government to ensure that this payment is done without further delay so as to assuage the pains and sufferings of our senior citizens who had worked selflessly for a greater and indivisible Nigeria.”

“May we equally use this medium to direct all our members from the States, LGAs and parastatals across the country to take advantage of the on-going voters registration exercise towards equipping themselves with voters cards in readiness for the 2019 general election so as to cast their votes for and against those who have been treating them fairly and those who have been treating them with disdain and levity respectively.”



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