Nigerian govt to release funds for October 2016 to August 2017 pensions
The Acting Director-General of National Pension Commission (PenCom), Aisha Dahir-Umar, on Wednesday said the Federal Government had begun working out modalities for pension payment to the next batch of retirees.
Mrs. Dahir-Umar told the News Agency of Nigeria (NAN) in Lagos that the Federal Government and the PenCom would soon release substantial funds for the payment.
She said retirees that had perfected their documentation and verification processes would be captured for payments in the next batch.
The PenCom boss said the funds for the Accrued Rights was expected to cover retirees from October 2016 to August 2017.
Mr. Dahir-Umar recalled that the Federal Government, through PenCom, had released N54 billion in April to clear pension backlog for payment of the last batch of retirees from January to September 2016.
Mr. Dahir-Umar also commended President Muhammudu Buhari for giving prompt attention to retirees’ well-being by settling accrued pensions for that period.
“In spite of competing demands for funds, President Buhari has always expressed concern for the plight of workers and pensioners.
“It has brought relief to thousands of our elders who have served the country and deserve to be paid their entitlements promptly and fully too,” she said.
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