saving jar labeled retirement with reading glass on the wooden background
The Nigerian Union of Pensioners Contributory Pension Scheme Sector (NUPCPS) has praised the Federal Government for approving ₦758 billion to clear long-standing pension arrears owed to retirees under the Contributory Pension Scheme (CPS).
In a joint statement signed by the National Chairman, Comrade Sylva Nwaiwu, and the National Secretary, Comrade Bisan John, the union described the move as a long-overdue relief for thousands of affected retirees who have waited for their entitlements since 2004.
The union attributed the breakthrough to the efforts of President Bola Tinubu and the leadership of the Senate under Godswill Akpabio. The approval, initially granted by the Federal Executive Council and subsequently passed by the National Assembly on 22 July 2025, was hailed as a demonstration of the administration’s compassion and commitment to pension reform.
According to Nwaiwu, the action aligns with the Federal Government’s Renewed Hope Agenda and offers real assurance to Nigerian citizens who have faithfully served the nation. The union urged key institutions, including the Ministry of Finance, the Debt Management Office (DMO), and the Office of the Accountant General of the Federation (OAGF), to promptly release the approved funds to the retirees.
It also called on the National Pension Commission (PenCom) to intensify its oversight role and ensure speedy implementation of the payment through government treasury bonds. The union appealed to PenCom not to relent in its follow-up efforts to guarantee that retirees receive their payments without delay.
In addition, NUPCPS expressed appreciation to the Nigerian media for its consistent advocacy on behalf of retirees, describing the approval as a defining moment of hope for elderly citizens who have endured years of hardship in anticipation of their benefits.
