President (Asíwájú) Bọ́lá Ahmed Tinúbú, GCFR, has approved the release of ₦758 billion to clear 13 years’ worth of pension arrears.
This significant move aims to address the long-standing issue of unpaid pensions and improve the welfare of retired government workers.
The approval was confirmed by the Ministry of Finance, which stated that the funds would be disbursed promptly to ensure that retirees receive their due payments.
This decision is part of President Tinubu’s broader commitment to enhancing the living standards of both serving and retired government personnel.
The payment of these arrears is expected to provide much-needed relief to retirees who have faced financial difficulties due to the prolonged delay in receiving their pensions. The government has also assured that measures will be put in place to prevent such delays in the future and to ensure timely payment of pensions.
This initiative reflects President Tinubu’s dedication to addressing the welfare of retirees and his commitment to fulfilling the promises made to them.
The move has been widely welcomed by pensioners and various stakeholders who have long advocated for the resolution of this issue.
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