Wednesday August 6, 2025
By The NewsDESK |
President Bola Tinubu has ordered the implementation of the long-awaited pension increase and the rollout of free healthcare for low-income retirees under the Contributory Pension Scheme (CPS).
He gave the directive during a briefing from the Director General of the National Pension Commission (PenCom), Omolola Oloworaran.
The President approved that an average pension increase of ₦32,000 be applied, with a minimum pension guarantee put in place to support the most vulnerable pensioners.
He stressed the need for immediate action to ease the financial pressure on retirees facing rising living costs.
Tinubu also directed PenCom to urgently resolve the long-standing police pension issue, stating that those who served the country in uniform must be able to retire with dignity and peace of mind.
