The Federal Government has paid ₦39.63 billion to 24,814 eligible Defined Benefit Scheme (DBS) pensioners, even as the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, reaffirms his commitment to improving the welfare of Nigerian pensioners.
The Federal Ministry of Finance, in a statement Friday, said the payments have ended many years of anxious waiting for thousands of retirees.
Working under the supervision of the Federal Ministry of Finance, the Pension Transitional Arrangement Directorate (PTAD) carried out the payments following the Minister’s directive to prioritise the settlement of verified pension liabilities, bringing relief to beneficiaries across the country.
Mr Oyedele said the payment reflected the administration’s determination to ensure that retired public servants receive the benefits they earned through decades of dedicated service.
“A nation that values service must also honour those who gave their productive years in its service. This payment is
