FG Begins Payment of Pension Increment to Retirees
By Alabidun Shuaib AbdulRahman
The Federal Government has commenced the payment of the newly approved pension increment for retirees under the Defined Benefit Scheme (DBS).
The Pension Transitional Arrangement Directorate, PTAD said the increment, which takes effect from the September 2025 payroll, followed the partial release of ₦20.18bn by the Ministry of Finance from the ₦45bn emergency allocation approved by President Bola Tinubu.
Eligible pensioners are to receive a ₦32,000 increase, as well as upward adjustments of 10.66 per cent and 12.95 per cent, according to a statement issued by PTAD on Tuesday.
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PTAD described the move as a milestone that underscores the Tinubu administration’s commitment to the welfare of senior citizens under its Renewed Hope Agenda.
The Directorate commended Tinubu, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun; Minister of State for Finance, Doris Uzoka-Anite; the Chief of Staff to the President, Femi Gbajabiamila; and other top government officials and lawmakers for their roles in facilitating the release of funds.
It also lauded the Nigeria Union of Pensioners and the Federal Parastatals and Private Sector Pensioners Association of Nigeria for their patience and cooperation during the process.
PTAD assured that it would continue to work with relevant authorities to ensure the release of the balance of the funds and sustain full implementation of the increments.
