PTAD Secures Reps’ Backing on Pension Reforms, Pushes for 2026 Budget Inclusion
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PTAD Secures Reps’ Backing on Pension Reforms, Pushes for 2026 Budget Inclusion
By Alabidun Shuaib AbdulRahman
The Pension Transitional Arrangement Directorate (PTAD) has received assurances of stronger legislative support from the House of Representatives Committee on Pensions following an oversight visit to its headquarters in Abuja on Tuesday.
Led by its Chairman, Hon. Jallo Hussaini Mohammed, the Committee reviewed PTAD’s operations and assessed its budget performance for 2024 and the first half of 2025.
Welcoming the lawmakers, PTAD’s Executive Secretary, Tolulope Odunaiya, said the Directorate had recorded significant progress in pension administration, particularly with the successful implementation of the 20/28 per cent pension increment in September 2024 and the full settlement of related arrears.
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She explained that continuous arrears payments of the N32,000, 10.66 per cent and 12.95 per cent increments were ongoing, supported by prudent use of savings from pension sub-head balances after monthly disbursements.
Odunaiya further revealed that President Bola Tinubu had approved the inclusion of critical pension-related items in the 2026 budget proposal.
These include funding for the full implementation of the N32,000 pension increment, settlement of outstanding liabilities, a harmonisation policy, and health insurance coverage for Defined Benefit Scheme (DBS) pensioners.
She however appealed to the Committee for continued legislative backing in addressing persistent challenges facing the Directorate.
In his response, Hon. Mohammed praised PTAD for improving the welfare of pensioners and pledged that the National Assembly would sustain its oversight role to guarantee the protection of retirees’ entitlements.
He stressed that the welfare of pensioners remained a national priority, noting that the Committee would continue to work closely with PTAD to ensure that gains in the pension sector were consolidated.
