The Federal Parastatals and Private Sector Pensioners Association of Nigeria (FEPPPAN) has expressed its gratitude to President Bola Ahmed Tinubu for approving N32,000 as the minimum pension in Nigeria. This commendation was made on Monday, highlighting the positive impact of the decision on the lives of pensioners across the country.
The president recently approved an addition of N32,000 to pensions for Nigerian pensioners under the Defined Benefit Scheme. This decision aims to enhance the financial well-being of pensioners, providing them with much-needed support.
This was detailed in a circular from the National Salaries, Incomes and Wages Commission, which conveyed the president’s approval of the increment and its implementation. FEPPPAN, in a letter signed by its General Secretary, Franklin Erinle, and Deputy President General, Elder Benjamin M. Amako, praised the president’s quick action in ensuring that the pension increases were issued promptly, coinciding with the minimum wage adjustment for workers.
This action, according to FEPPPAN, marks a significant departure from the long-standing tradition where pensioners had to wait for extended periods, sometimes years, for any adjustments to their pensions after salary increases for active workers. They further recognized this as a much-needed shift, acknowledging the president’s “unparalleled and unprecedented concern” for the welfare of senior citizens, who are among the most vulnerable in Nigerian society. “The importance of this gesture cannot be overstated. Pensioners in Nigeria have historically been neglected in the nation’s socio-economic policies, often sidelined when it comes to critical welfare provisions.
