The Federal Government has approved N758 billion in bonds to offset long-standing pension liabilities, including pension increases owed since 2007.
According to the News Agency of Nigeria (NAN), Ms Omolola Oloworaran, the Director-General of the National Pension Commission, PenCom, made this known on Thursday in Yola, at a two-day sensitisation workshop on the workings of the Contributory Pension Scheme, CPS, for Employees and Pensioners in the North-East.
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Oloworaran, represented by the Commissioner for Administration in PenCom, Bello Abubakar, described the approval as a bold step by President Bola Tinubu to bring relief to vulnerable pensioners and restore confidence in the pension system.Read Original
