The Director General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran, has pledged to deliver on the improved phase of pension welfare for retirees, promising that the N780bn bond approved by Mr President that takes care of outstanding pension increases will soon be made available for payments.
Ms Oloworaran made the pledge when she led a PenCom delegation on a courtesy visit to the headquarters of Nigeria Union of Pensioners in Abuja and reaffirmed the Commission’s commitment to strengthening collaboration with the Nigeria Union of Pensioners (NUP) to enhance the welfare of retirees in part through the Union advocacy and representation on PenCom Board. The team included the Acting Commissioner, Inspectorate, Mr. Samuel Chigozie Uwandu, and other senior management staff.
She assured the Union that PenCom remained resolute in its mandate to safeguard the retirement benefits of Nigerian workers. The PenCom DG said all outstanding pension increases approved by the Federal Government would be implemented this year, backed by the N758 billion bond approved by President Bola Ahmed Tinubu. She added that the funds would soon be made available for payments to commence.
Furthermore, she said PenCom and NUP share a common mission — the protection and welfare of pensioners. She tasked the Union to continue to collaborate with PenCom to ensure that retirees enjoy the dignity and security they deserve after years of service to the nation.
In his response, the President of NUP, Comrade Godwin Ikechukwu Abumisi, hailed the visit as historic, describing Ms. Oloworaran as the first PenCom DG to visit the Union’s Headquarters in Abuja.
He praised PenCom as a “star performer” in prioritising pensioners’ welfare and urged the DG to convey the Union’s appreciation to President Tinubu for placing retirees’ wellbeing at the heart of government policy. He added that the pensioners will reciprocate President Tinubu’s actions at the appropriate time.
Comrade Abumisi further tasked PenCom to ensure the full implementation of all past pension increases under the CPS — a request the DG reiterated would be achieved before the year runs out. Both institutions pledged to sustain and deepen their partnership in the collective interest of pensioners nationwide.
