 pensioners, under the ‘Renewed Hope){kind=link}
President Bola Tinubu has approved key measures to enhance the welfare of Defined Benefit Scheme (DBS) pensioners, under the ‘Renewed Hope Agenda’.
The Head of Corporate Communications at the Pension Transitional Arrangement Directorate (PTAD) Mr Olugbenga Ajayi, made this known in Abuja.
Ajayi said the President approved the immediate implementation of extra budgetary allocation for full enforcement of new pension rates for DBS pensioners.
Tinubu also approved the adoption of a proposed pension harmonisation policy for DBS pensioners in the 2026 pension budget.
Provision was also made for health insurance coverage for all DBS pensioners in the 2026 budget.
Ajayi added that the President approved inclusion of unpaid liabilities owed to NITEL/MTEL pensioners and other parastatal retirees in the 2026 proposal.
PTAD Executive Secretary, Tolulope Odunaiya, praised the President for the approvals.
She said the move shows his commitment to senior citizens’ welfare and marks a new era in DBS pension management.
Odunaiya had earlier submitted a formal request to the Presidency, requesting emergency budgetary allocation to enable implementation of vital pension reforms and welfare packages.
These include a new pension rate of N32,000 and increases of 10.66 percent and 12.95 percent for pensioners of defunct and privatised agencies.
Other components are pension harmonisation for all DBS pensioners and enrolment in the National Health Insurance Scheme (NHIS).
It also includes settlement of unfunded pension liabilities owed to retirees of defunct agencies and Treasury-funded parastatals.
NAN/Hauwa Abu