₦airaland Forum

Nigeria News Today: PTAD Implements Pension Increments for 832,000 Retirees

By Safiyat Muhammed | The Bureau News

The Pension Transitional Arrangement Directorate (PTAD) has announced the commencement of the new pension increments for retirees under the Defined Benefit Scheme (DBS), confirming that adjustments will reflect in the September 2025 payroll cycle.

According to a statement posted on its official X handle, PTAD revealed that the increment package includes a fixed ₦32,000 payment alongside percentage increases of 10.66% and 12.95% for eligible categories, benefiting about 832,000 pensioners across Nigeria.

Breakdown of the Increments

The increment follows President Bola Ahmed Tinubu’s approval in August for a welfare enhancement package for DBS pensioners. The reforms include:

A ₦32,000 increment across board.

10.66% and 12.95% increases for pensioners of defunct and privatised agencies.

Pension harmonisation for all DBS pensioners.

Enrolment of retirees into the National Health Insurance Scheme (NHIS).

Settlement of long-standing unfunded pension liabilities.

Funding and Implementation

PTAD confirmed that the implementation was made possible through the partial release of ₦820.188 billion by the Federal Ministry of Finance from the ₦845 billion emergency allocation earlier approved by the Presidency. The funds will cover the initial rollout of the increments.

“This milestone clearly reaffirms the Federal Government’s dedication to safeguarding the welfare and entitlements of DBS Pensioners in line with the Renewed Hope Agenda,” the statement read.

Stakeholder Reactions

The Directorate expressed gratitude to President Tinubu, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and Minister of State for Finance, Doris Uzoka-Anite, as well as the Accountant-General of the Federation and parliamentary committees for their interventions.

Organised pension groups, including the Nigeria Union of Pensioners (NUP) and the Federal Parastatals and Private Sector Pensioners Association of Nigeria, were also acknowledged for their cooperation during negotiations and planning.

Who Benefits?

The DBS covers pensioners who retired before the 2004 introduction of the Contributory Pension Scheme, including staff of defunct public institutions, privatised agencies, and treasury-funded parastatals. PTAD assured pensioners that outstanding funds will be released in phases to sustain future increments.

For continuous updates on pension reforms, visit The Bureau News for trusted Nigeria News Today coverage.

Source: https://thebureau.com.ng/nigeria-news-today-ptad-implements-pension-increments-for-832000-retirees/

I hope it won't end half way which is the character of this govt

Another good development news from this government.

The student loan beneficiaries have been praising president Tinubu for such opportunity.

The opposition will really struggle with their campaigns in 2027

Lol
This is crap. The inflation that Tinubu brought can't be covered by mere stipends.

Btw, when will Tinubu talk about the killings in Kwara? Abi e no concern am?

Shettima went to condole with Palestine while his own country is on fire.

Muslim-muslim ticket, una see!

28 more characters needed28 more characters needed

Abeg where brother fani kayode? Its bn long we heard from him ooo...

Oya back to the matter,,this money no reach tinubulu and his ali babas to dine with their concubines within 2 hours na..its not about increments of salaries or pension,,it about controlling inflation..

Good gesture. Keep it up. Baba knows what he is doing in Aso Rock

helinues:
Another good development news from this government.

The student loan beneficiaries have been praising president Tinubu for such opportunity.

The opposition will really struggle with their campaigns in 2027

are u for real bro why some people are like this in this country is either you benefit from this government or you’re from a very wealthy backyard for you to say that I’m not any fans of this people both obi atiku baba himself even GEJ cuz they’re all thief but when I see what’s good and bad I will say it bro cuz u benefit from this government or u come from a good background doesn’t mean people are not suffering try move some kind place in this country and see how people are suffering me sef wey hunger dey beat me still dey thank god make family of 4 dey eat 1 times in a day bro let’s have human feelings how many student have get the loan

slivertongue:
I hope it won't end half way which is the character of this govt

Just like the 35k salary award for federal workers that was supposed to be paid for six months but ended after a month.

The same thing happened to NYSC corpers increment that was unpaid until the female corper cried out in the viral video.

Why should Tinubu and Oshiomhole’s Assembly of Past Criminals, APC wait for over a year to do right for pensioners? What is the wickedness for, when they are saving $84 billion from subsidy removal that has made petrol and life so expensive, just to steal and buy more luxury for themselves?

Why does APC have a history of treating pensioners badly

anonimi:
Nigeria: Pensioners Urge Tinubu to Pay Arrears

26 March 2003
This Day (Lagos)


Lagos — Pension teachers in Lagos State under the aegis of Teacher Pensioners of Nigeria (TEPAN) have urged Governor Bola Ahmed Tinubu, to review his stance on paying the harmonised three year old outstanding pension allowance or risk losing their votes.

In a statement signed by the Public Relations Officer (PRO) of TEPAN, Mr. Ayodabo 'Lade, accused Tinubu of failing to pay the arrears to teachers on their correct pension grade since the year 2000, contrary to what was obtainable in other five States of the South-west controlled by the Alliance for Democracy (AD).

https://allafrica.com/stories/200303260385.html

Nigerian President Bola Tinubu’s first supplementary budget includes a fleet of SUVs for himself and his wife, a presidential yacht and the renovation of his villa amid a cost-of-living crisis for some of the poorest people in the world.

The proposal — which seeks additional funding beyond the annual budget approved by Tinubu’s predecessor — comes as the government asks Nigerians to persevere through pain caused in part by a raft of economic reforms ushered in by the new president. Africa’s most populous country faces rampant unemployment, soaring food prices and a plummeting currency.

Federal lawmakers approved the president’s request for extra spending on Thursday, but eliminated the provision of 5 billion naira ($6.01 million) to buy a presidential yacht. Instead, they doubled the allocation to a student loan fund to 10 billion naira, according Abubakar Bichi, chairman of an appropriations committee in the House of Representatives.

The lawmakers approved 1.5 billion-naira proposed to purchase SUVs for the office of First Lady Oluremi Tinubu — an amount larger than that allocated to many individual federal colleges. The supplementary budget also proposes almost 6 billion naira to purchase SUVs for the presidency — more than the amount initially allocated to fund a student loan program for poor families.


https://www.bloomberg.com/news/articles/2023-11-02/nigeria-budgets-for-suvs-and-yachts-amid-economic-hardship

What about those in the contributory pension scheme? Don't they deserve to have their monthly pension improved?

Goddyrichie:
are u for real bro why some people are like this in this country is either you benefit from this government or you’re from a very wealthy backyard for you to say that I’m not any fans of this people both obi atiku baba himself even GEJ cuz they’re all thief but when I see what’s good and bad I will say it bro cuz u benefit from this government or u come from a good background doesn’t mean people are not suffering try move some kind place in this country and see how people are suffering me sef wey hunger dey beat me still dey thank god make family of 4 dey eat 1 times in a day bro let’s have human feelings how many student have get the loan

You just come online and start shouting “people are suffering, people are suffering,” yet the government is actually addressing those very issues, and you're still wailing!
The news clearly stated that pensioners who retired before 2004 will receive an increment. And you're upset about that? What's bad about this news?

Would you rather see a headline saying the government can no longer pay pensioners who retired before 2004?

He also commented on the student loan scheme, but you're still not satisfied. Would it make you happier to read, “500,000 students dropped out of school due to hardship under Tinubu’s government”?

You guys are just... aaarrrrgggghhhh 😡🤦‍♂️

Goddyrichie:
are u for real bro why some people are like this in this country is either you benefit from this government or you’re from a very wealthy backyard for you to say that I’m not any fans of this people

both obi atiku baba himself even GEJ cuz they’re all thief but when I see what’s good and bad I will say it bro cuz u benefit from this government or u come from a good background doesn’t mean people are not suffering

try move some kind place in this country and see how people are suffering me sef wey hunger dey beat me still dey thank god make family of 4 dey eat 1 times in a day bro let’s have human feelings how many student have get the loan

A-looter Poverty and Corruption, APC party people have no human feelings for Nigerians.

Can you imagine how Fayemi was laughing about their playing politics with the 2012 Ojota protests against deregulation and subsidy removal?



https://www.youtube.com/watch?v=3eukKEOSi-8?si=-K08R2caw58NSgi5


Can you imagine how waist focused senate president mocked us for the extreme poverty shege of the past decade instead of the better change promised to us?

Omicronvaccine:
Wherever You See Free Food, Eat It - Nigerian Senate President, Senator Akpabio Advises Nigerians


https://www.youtube.com/watch?v=fIdtxSZDQoY

LeopardX:
What about those in the contributory pension scheme? Don't they deserve to have their monthly pension improved?

According to balablu extreme poverty APC shege ideology, the pensioners should follow Akpabio’s advice, even though they risk death in stampedes.

Glimpsetv:
A large crowd of Lagosians was filmed in a long queue struggling to collect a loaf of bread. To maintain order, several military personnel were on the ground to control the crowd. This has triggered a lot of reactions online.

Watch the video, share your thoughts in the comments.


https://www.youtube.com/watch?v=zYltMapDyIo?si=0-hO0Vt5C9uBxVd1

The association, in a statement on Sunday by the NAS Capn, Dr. Joseph Oteri, said these needless deaths, a grim reflection of the desperation gripping many Nigerians, underscore the rising hunger and economic hardship that has engulfed the nation.

The National Association of Seadogs (Pyrates Confraternity) says it is deeply saddened by the tragic loss of over 60 lives in Oyo, Anambra, and Abuja during recent palliative distribution stampedes.

The association, in a statement on Sunday by the NAS Capn, Dr. Joseph Oteri, said these needless deaths, a grim reflection of the desperation gripping many Nigerians, underscore the rising hunger and economic hardship that has engulfed the nation.

“While we commend the government's effort to alleviate the plight of vulnerable citizens through palliatives, it is evident that these measures have been marred by inadequate planning, poor coordination, and lack of accountability,” it said.

According to the group, the chaotic scenes that led to the fatal incidents are an “indictment of the systemic failure to address the root causes of hunger and poverty”.

The group noted that rising hunger in Nigeria is a national emergency that demands urgent action.

“Failure to act decisively will deepen the crisis, with devastating social, economic, and political consequences,” it said.

“We mourn with the families of the deceased and demand that the government ensures accountability for this avoidable tragedy. Hunger should never be a death sentence in a country blessed with abundant resources.”

“It is time to rise to the challenge of ensuring that every Nigerian can live with dignity, free from the scourge of poverty and hunger,” it added.

Therefore, the association called on all levels of government to urgently prioritize sustainable solutions to the hunger crisis.

It said, “Palliatives must reach the intended beneficiaries without endangering lives. Transparent and well-organised systems, with the involvement of community leaders and credible NGOs, should be put in place to avoid chaotic distributions.

“Beyond temporary relief measures, the government must develop long-term strategies to enhance food production, support local farmers, and stabilize food prices.

“Programmes aimed at addressing the needs of the most vulnerable must be scaled up. Access to affordable healthcare, education, and social safety nets is critical to lifting millions out of poverty.

“Policies that create jobs and enhance income-generating opportunities should be fast-tracked to reduce dependency on palliatives.”

The association noted that two of its chapters in Edo State (Area 3) recently had successful palliative programmes, during which over 2,000 underprivileged persons were fed.

It added that one of the key components of the programme was orderliness.

https://saharareporters.com/2024/12/22/deaths-oyo-anambra-abuja-food-sharing-stampedes-are-sign-hunger-economic-hardship

It's normal to take your job serious but it's absurd to play on the intelligence of Nigerians. Your baba was passing through airport road at Oshodi yesterday if you see the way pple are cursing him.Now wondering who's praising him.

slivertongue:
I hope it won't end half way which is the character of this govt

...must you comment if you are not happy with the development

anonimi:
A-looter Poverty and Corruption, APC party people have no human feelings for Nigerians.

Can you imagine how Fayemi was laughing about their playing politics with the 2012 Ojota protests against deregulation and subsidy removal?



https://www.youtube.com/watch?v=3eukKEOSi-8?si=-K08R2caw58NSgi5


Can you imagine how waist focused senate president mocked us for the extreme poverty shege of the past decade instead of the better change promised to us?

e shock me and make me lose hope about Nigeria seeing a grownup person still supporting those bad leaders like where’s did they keep they’re eyes and brain sometimes I think maybe they’re not in this same country with us omo I regret being a Nigerian with some insane people even though we leaders are doing anything they like without no one questioning them why can’t we d youth or d citizens come together and stand as one and voice out d way Kenya youth did few years ago d comment I read online sometimes especially here on NL make me lose hope about Nigeria 🤦‍♂️

No wonder this Baba that lives close to me has been coming home drunk lately.

helinues:
Another good development news from this government.

The student loan beneficiaries have been praising president Tinubu for such opportunity.

The opposition will really struggle with their campaigns in 2027

why do you keep praising mediocrity? Before you start to Judge incorrectly, I am neither for PDP nor APC, no LP. I just want good governance and this particular party hasn't been able to deliver in more than 8 years..please correct me if I'm wrong. This is nothing to celebrate over. Have you seen the damage this party has done to Nigeria? Why do you still rest your hopes on a party? I weep for you you can't even make a simple judgement devoid of sentiment. How much are you paid to support this party? Please tell me. Why are you hell bent in sinking with this party? Why? I hope you would still keep this same energy when insecurity hit you wherever you are in this country. I'd like to believe you're not in this country presently, maybe it's why you are doing this. God bless Nigeria. Sighs.

ATTENTION PRESIDENT TINUBU:
While this is a good gesture,the question ❓ to the Federal Govt is:
•Would you give the same Directives
OR DO SAME DIRECTIVES APPLICABLE-to the PRIVATE FIRMS LIKE THE BANKS, INSURANCE COMPANIES, THE MANUFACTURING COMPANIES,etc- to Effect this directives to their Retirees- who have been left behind and are just in one spot mode - suffering and smiling,while the PENCON and The PFAs are getting Bigger and Fatter,the Nigerian Retirees-are getting Poorer ,as what they pay to these Retirees-in Nigeria is nothing to write home about and infact - is liken to -SLAVE MONEY.
SO,WHEN A GOVT SAYS ' ACROSS THE BOARD- HOPE IT INCLUDED THE PRIVATE COMPANIES - WHOSE MONEY IS FAR IN EXCESS AT PENCON!

Goddyrichie:
are u for real bro why some people are like this in this country is either you benefit from this government or you’re from a very wealthy backyard for you to say that I’m not any fans of this people both obi atiku baba himself even GEJ cuz they’re all thief but when I see what’s good and bad I will say it bro cuz u benefit from this government or u come from a good background doesn’t mean people are not suffering try move some kind place in this country and see how people are suffering me sef wey hunger dey beat me still dey thank god make family of 4 dey eat 1 times in a day bro let’s have human feelings how many student have get the loan

It's abnormal to be sad about the development of your own country

Themanleshey:
You just come online and start shouting “people are suffering, people are suffering,” yet the government is actually addressing those very issues, and you're still wailing!
The news clearly stated that pensioners who retired before 2004 will receive an increment. And you're upset about that? What's bad about this news?

Would you rather see a headline saying the government can no longer pay pensioners who retired before 2004?

He also commented on the student loan scheme, but you're still not satisfied. Would it make you happier to read, “500,000 students dropped out of school due to hardship under Tinubu’s government”?

You guys are just... aaarrrrgggghhhh 😡🤦‍♂️

yes I’m a guy I’m in my late 20s and this is not about age you meant be older than me but I know what’s good and what’s bad when I see one and I speak d truth i understand u bro u read and believe what u read in d paper did anyone close to u get d student loan ?bro I’m not fans of any of this people both d past and this current leaders this is not about being obi atiku or tinubu I know what I’m saying d government can’t make all her citizens rich at once’s but at least let d citizens benefit little from d government even if it’s just health electricity and make d economy nice to d citizens at least that’s will be okay in a bit all this they say is just for the paper are u not really in 🇳🇬 even my neighbor that can kill 4 baba during d last election period to d extent that I pass through they’re mosque with his imam mocking obi then now e brain don settle e don sell e car despite been a rewire and mind u not every small boy is small some small boyz thinks and have wisdom more than someone old enough to be they’re dad so is not about age we all are seeing what’s going on in this country and we all know unless you’re outside d country or like I said b4 no hate

PlasmaTV:
Lol
This is crap. The inflation that Tinubu brought can't be covered by mere stipends.

Btw, when will Tinubu talk about the killings in Kwara? Abi e no concern am?

Shettima went to condole with Palestine while his own country is on fire.

Muslim-muslim ticket, una see!

So they should scrap
it since it is crap?
Is that your advice?

Relief how and where?

Can it buy two beecham antibiotics or two inhaler for those retirees that are sick?

My father is a retiree and I pity those of us who have given all their lives to being a civil servant for 30 to 35years.

Una go suffer if u don't have a backup plan for ur old age...e go bad ooh.

E go shock u join...that job security is a scam from the
devil.

My advice is:
start investing and do it aggressively or u start your own side income build it for three years and switch-over and better ur life now that u still have time and good health.


End.

helinues:
It's abnormal to be sad about the development of your own country

why will I be sad with my own motherland u don’t love Nigeria more than me even mr president sef no like Nigeria pass me so anyone that say d truth about what’s going on now is enemy of Nigeria lol 😂 if to say na in person we dey talk this thing ehh I go just Dey look u dey laugh nii I said it earlier that’s it’s not by age when u say I’m a guy but no worry all this well I already know Nigeria will never move forward if we still choose our leaders base on tribalism and religion no one is saint among anyone of them but at least someone that will relief d pain a little bit abi d Same way we read it in d news that food prices and fuel prices is coming down but will only come down by 10% then d next day skyrocketed again only people outside d country or people benefits from d government and someone that come from a good background that don’t know how expensive things are support those heartless and wicked leaders cuz no sane person will support what’s going on right now in this country unless d person benefits from them but if d person don’t benefit and still support what’s going on base on tribalism and religion that means d person love suffering and can endure suffering forever

ibechris:
Relief how and where?

Can it buy two beecham antibiotics or two inhaler for those retirees that are sick?

My father is a retiree and I pity those of us who have given all their lives to being a civil servant for 30 to 35years.

Una go suffer if u don't have a backup plan for ur old age...e go bad ooh.

E go shock u join...that job security is a scam from the
devil.

My advice is:
start investing and do it aggressively or u start your own side income build it for three years and switch-over and better ur life now that u still have time and good health.


End.

bro I don’t say what d government did is not right I pity those pensioners whenever I see most of dem it’s a good development and I will be very happy if d money go round for them without delay seeing my grandpa and grandma mates standing on d hot sun cuz of pension but I can’t trust this current government cuz they lie so much and don’t care about d masses

helinues:
It's abnormal to be sad about the development of your own country

abnormal indeed do you really live in Nigeria?and what do u benefit as a Nigerian citizen ?

Goddyrichie:
yes I’m a guy I’m in my late 20s and this is not about age you meant be older than me but I know what’s good and what’s bad when I see one and I speak d truth i understand u bro u read and believe what u read in d paper did anyone close to u get d student loan ?bro I’m not fans of any of this people both d past and this current leaders this is not about being obi atiku or tinubu I know what I’m saying d government can’t make all her citizens rich at once’s but at least let d citizens benefit little from d government even if it’s just health electricity and make d economy nice to d citizens at least that’s will be okay in a bit all this they say is just for the paper are u not really in 🇳🇬 even my neighbor that can kill 4 baba during d last election period to d extent that I pass through they’re mosque with his imam mocking obi then now e brain don settle e don sell e car despite been a rewire and mind u not every small boy is small some small boyz thinks and have wisdom more than someone old enough to be they’re dad so is not about age we all are seeing what’s going on in this country and we all know unless you’re outside d country or like I said b4 no hate

sometimes u wonder if these people that support evil governments are normal.
Am saying because they keep defending the same people who never want anything good to get to them.
They never gave you free education,health care etc never gave you good jobs,the money that is meant for that is stolen for theirs alone.
Imagine serving this country for years and your pension is 35k,if you worked all your life as a civil servant without any other sources income then you practically wasted your life.
That’s exactly what it means

10 to 12% increase, while everything
has increased by over 500% since the
coming of the jagajaga government of
Jagaba.
.

Loan, loan oooo!!!! Loan that will still be paid. How’s increasing school fees and giving loans to students an achievement? Won’t they pay the loan? Why increase the school fees? Is that not rubbing Peter to pay Paul? Why are you guys celebrating that? Don’t you people have a little gray matter up there again?

helinues:
Another good development news from this government.

The student loan beneficiaries have been praising president Tinubu for such opportunity.

The opposition will really struggle with their campaigns in 2027

cjfavour:
Loan, loan oooo!!!! Loan that will still be paid. How’s increasing school fees and giving loans to students an achievement? Won’t they pay the loan? Why increase the school fees? Is that not rubbing Peter to pay Paul? Why are you guys celebrating that? Don’t you people have a little gray matter up there again?

Today is October 1st, first day of a new month. Stop the bitterness about the progress of Nigeria

Thank you