Retired federal workers to earn additional N32,000 monthly - Newstrends
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Retired federal workers to earn additional N32,000 monthly

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Retired federal workers to earn additional N32,000 monthly

All retired federal employees under the Contributory Pension Scheme (CPS)  are soon to start receiving a N32,000 monthly pension increase.

The sum will be paid to each of them from a   N758 billion bond approved by President Bola Ahmed Tinubu for clearing all outstanding pension liabilities.

President Tinubu okayed the bond to ensure that the retirees also benefited from the  National  Minimum Wage Amendment Act 2024 and Consequential Adjustments.

The  N32,000   is the baseline every retiree in the education and health sectors, as well as security and the Armed Forces on the CPS will earn monthly, irrespective of his or her accumulated savings.

  President Tinubu had on  August 6,  directed the “prompt implementation of long-overdue pension increases and a minimum pension guarantee, which would provide a safety net for the most vulnerable pensioners under the CPS.”

An official of the National Pension Commission (PenCom) confirmed to The Nation that ‘’with the National Assembly’s  recent concurrence with the President’s directive, the bond proceeds will soon be available to settle the retirees.”

 Another official of the commission, who shed more light on the initiative, said: “The pension increase for CPS retirees and the minimum pension guarantee means setting a baseline amount that every retiree under the Contributory Pension Scheme would receive, no matter how small their accumulated savings are.

‘’This acts as a financial safety net to protect the poorest and most vulnerable retirees from falling into poverty.”

PenCom’s Director-General, Omolola Oloworaran, had earlier explained how the N758 billion bond for pension payments would be allocated across three critical categories.

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She said: “N253 billion of the bonds will be dedicated to clearing accrued rights. These are entitlements due to federal workers employed before the CPS commenced in 2004, and those who had about three years to retirement at the time.

‘’This intervention clears the backlog of accrued rights payments and will put an end to the delays in pension disbursements that have caused frustration in recent months.”

 On longstanding arrears, Oloworaran explained that, “N387.5 billion will be committed to pension increases dating back to 2007. That is almost two decades of increments left unpaid. This administration has decided to take the matter seriously and settle all outstanding pension increases from 2007 till date.”

 She added that N107 billion has been earmarked for the Pension Protection Fund, which is designed to support low-income retirees.

She said:  “This fund is meant to augment pensions for low-income earners to enable them to earn a living wage.

 “We are working with relevant agencies to conclude the bond issuance quickly. Once that is done, Pension Fund Administrators (PFAs) will credit retirees’ savings accounts, and retirees will be able to claim their entitlements without delay. PFAs have committed to prompt payments once funds are available, while PenCom will provide oversight to ensure beneficiaries are paid immediately.”

According to Oloworaran, the intervention is central to restoring trust in the CPS.

 “Confidence in the CPS has waned in recent years due to unresolved liabilities. This payment initiative allows us to rebuild trust and demonstrates that the government is committed to protecting the welfare of ordinary Nigerians,” she said.

The National Salaries, Incomes and Wages Commission (NSIWC) had last year announced the pension adjustment, confirming that retirees would receive an additional N32,000 per month following the passage of the new minimum wage law.

Retired federal workers to earn additional N32,000 monthly

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“Not as Corrupt as the World Thinks”: Reno Omokri Defends Nigeria’s Image and Safety

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Citing economic growth and safe public festivals, Reno Omokri urges the nation to tell its own story rather than rely on external perception indexes.

Nigeria is not nearly as corrupt or unsafe as foreign reports claim, according to Reno Omokri, Nigeria’s Ambassador-designate to Mexico. In a television interview on Channels Television, Omokri explained that international assessment groups often misunderstand Nigerian customs because they apply global benchmarks that ignore local traditions.

A central issue, Omokri noted, is how different cultures view appreciation. In Nigerian society, offering a gift to say thank you to an official who provides excellent service is a familiar sign of respect, much like tipping in other parts of the world.

However, international observers often label this practice as corruption. Omokri stated that the country needs to share its own experiences directly with the world rather than allowing outside groups to set a negative narrative.

Omokri also defended the country’s safety record by pointing to Lagos, where the economy has expanded steadily and major cultural events draw massive crowds.

He highlighted the annual holiday season in Lagos, which brings more than one million visitors together peacefully each year. For Omokri, these vibrant events show that everyday life in Nigeria is full of energy, community warmth, and safety.

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‘Jobs Must Not Be Based on Connections’ — Oyintiloye Tells FCC

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Calls for greater transparency in the distribution of federal employment opportunities have intensified, with APC chieftain Olatunbosun Oyintiloye urging the Federal Character Commission to ensure that recruitment is not influenced by powerful individuals.

Oyintiloye, speaking in Osogbo, Osun State, appealed to the commission’s Executive Chairman, Ayo Hulayat Omidiran, to stand firm against intimidation or pressure while carrying out her responsibilities.

According to him, the credibility of federal recruitment depends on giving qualified Nigerians a fair chance, regardless of their background or connections.

He said the FCC should strengthen its oversight of recruitment processes and prevent situations where applicants are disadvantaged through manipulation or other improper practices.

The FCC must adopt a renewed commitment to building a commission where merit, fairness and the principles of federal character guide the management of employment opportunities across the public service” Oyintiloye said.

His appeal comes shortly after Omidiran publicly reiterated that federal government jobs were not for sale and that employment opportunities should be available to Nigerians regardless of social status.

Oyintiloye said the position of the FCC was particularly important because of its constitutional responsibility to promote equitable representation in federal institutions.

He also praised the commission for addressing concerns over fairness in recruitment and allegations of corrupt practices, saying greater openness could help rebuild public confidence.

The APC chieftain further urged the commission to ensure that recruitment opportunities are communicated clearly and that qualified applicants from all parts of the country are given an equitable chance.

He expressed confidence that reforms under Omidiran could strengthen the FCC’s credibility, while encouraging job seekers to rely on legitimate recruitment announcements rather than individuals claiming to have connections within the commission.

The FCC itself has warned Nigerians about people offering supposed shortcuts into federal employment, stressing that it does not sell jobs or select candidates for federal appointments.

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Nwifuru Dismisses Cubana Chief Priest as ‘Attention-Seeker’

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Ebonyi State Governor Francis Nwifuru has hit back at socialite and businessman Paschal Okechukwu, better known as Cubana Chief Priest, after the latter criticised his administration.

The governor dismissed the businessman’s comments while speaking at an event in Abakaliki, saying he had no interest in engaging with him.

I don’t have time for Cubana Chief Priest. He’s a mere attention-seeker and an individual of no consequence” Nwifuru said.

He added, “However, if I remember him, I feel sorry for him.”

The exchange followed comments by Cubana Chief Priest questioning the governor’s performance in office. He reportedly challenged Nwifuru to explain how an administration could spend about three years in office without having major projects commissioned by the President or other state governors.

The remarks had earlier attracted criticism from Chinedu Ogah, the member representing Ikwo/Ezza South Federal Constituency in the House of Representatives.

Ogah condemned Cubana Chief Priest’s comments, defending the governor’s administration.

Nwifuru’s response now adds another layer to the controversy, although the governor did not provide a detailed response to the specific claims made about projects commissioned under his administration.

The disagreement has consequently shifted attention to the broader question of the Ebonyi government’s record on infrastructure and development projects since Nwifuru assumed office.

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