President Bola Tinubu has approved several key measures to enhance the welfare of Defined Benefit Scheme (DBS) pensioners, under the \u2018Renewed Hope Agenda\u2019.\n<\/p>\n
This is contained in a statement on Friday in Abuja by Mr. Olugbenga Ajayi, Head of Corporate Communications at the Pension Transitional Arrangement Directorate (PTAD).\n<\/p>\n
Ajayi said the President approved the immediate implementation of extra budgetary allocation for full enforcement of new pension rates for DBS pensioners.\n<\/p>\n
Tinubu also approved the adoption of a proposed pension harmonisation policy for DBS pensioners in the 2026 pension budget.\n<\/p>\n
Provision was also made for health insurance coverage for all DBS pensioners in the 2026 budget.<\/p>\n
Ajayi added that the President approved the inclusion of unpaid liabilities owed to NITEL\/MTEL pensioners and other parastatal retirees in the 2026 proposal. <\/p>\n
PTAD Executive Secretary, Tolulope Odunaiya, praised the President for the far-reaching and historic approvals.
She said the move shows his strong commitment to senior citizens\u2019 welfare and marks a new era in DBS pension management.\n<\/p>\n
The News Agency of Nigeria (NAN) reports that Odunaiya had earlier submitted a formal request to the Presidency.
She requested emergency budgetary allocation to enable the implementation of vital pension reforms and welfare packages.\n<\/p>\n
These include a new pension rate of N32,000 and increases of 10.66 per cent and 12.95 per cent for pensioners of defunct and privatised agencies.\n<\/p>\n
Other components are pension harmonisation for all DBS pensioners and enrolment in the National Health Insurance Scheme (NHIS).<\/p>\n
It also includes the settlement of unfunded pension liabilities owed to retirees of defunct agencies and Treasury-funded parastatals.<\/p>\n","protected":false},"excerpt":{"rendered":"President Bola Tinubu has approved several key measures to enhance the welfare of Defined Benefit Scheme (DBS) pensioners,…\n","protected":false},"author":2,"featured_media":332008,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[51,474,119126,119127,2499,100437,16,15],"class_list":{"0":"post-332007","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-mr-olugbenga-ajayi","11":"tag-nhis","12":"tag-personal-finance","13":"tag-president-bola-tinubu","14":"tag-uk","15":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115002047809127590","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/332007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=332007"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/332007\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/332008"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=332007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=332007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=332007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}