This Federal Government has restated its unwavering dedication to improving pension management and enhancing the welfare of pensioners.

The Honourable Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, stated this when he embarked on a working visit to the Pension Transitional Arrangement Directorate (PTAD) Headquarters in Maitama, Abuja.

The Minister who was received by the PTAD’s Executive Secretary, Dr. Chioma Ejikeme, and the management team, inspected the vital backend computation projects aimed at improving the efficiency and transparency of pension entitlements.

Edun commended PTAD staff for their dedication in pension administration, recognizing their indispensable role. He reiterated President Bola Ahmed Tinubu’s unwavering commitment to pensioners’ welfare even amid essential economic reforms.

He further reassured the agency of the Ministry of Finance support for the recent pension increment, aligning with the provisions of section 173:3 of the 1999 constitution. Notably, this marks a historic initiative in Nigerian pension management with deliberate and timely increments as well as commitment to the timely payment of pension arrears and entitlements emphasizing the government’s commitment to the well-being of pensioners.

“This visit highlights our resolve to ensure that the systems managing our pension funds are not only robust and efficient but also aligned with our broader economic goals of transparency and accountability,” he added.

This engagement is integral to the Ministry’s continuous drive to bolster economic resilience and enhance the contribution of all governance sectors to Nigeria’s growth and development.