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FG Promises Pensioners Relief: N758 Billion Allocated to Clear Arrears

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The Minister of State for Finance, Dr Doris Uzoka-Anite, has reaffirmed President Bola Tinubu’s commitment to pension reforms, highlighting his understanding of the challenges faced by pensioners.

The Minister made the remarks during the launch of the revised Service Charter for the Pension Transitional Arrangement Directorate in Abuja on Wednesday.

This assurance follows persistent protests by pensioners in Abuja and Lagos over unpaid arrears and N35,000 palliative allowances.

In her address, Uzoka-Anite reflected on the significant improvements brought by pension reforms, which, she said, gave workers across Nigeria renewed hope.

She noted that the reform provided workers in both the public and private sectors with “lifetime insurance,” ensuring that they would have financial security after retirement.

She added that the pension scheme had become a vital part of workers’ financial plans, particularly as it offered a reliable alternative when facing economic challenges.

The Minister also addressed the government’s ongoing efforts to secure and grow pension funds.

“We’ve been working with PENCOM to ensure that pension funds are not only invested securely but also leveraged to drive economic development,” Uzoka-Anite said, underscoring the importance of pension assets in national growth.

She expressed gratitude towards Tinubu for his leadership in addressing pension liabilities, with a focus on clearing outstanding pension payments.

Uzoka-Anite revealed that the government has plans to issue N758bn bond to clear these liabilities, a step she described as crucial in securing the future of pensioners.

The Minister reiterated that the issue of pensioners not receiving their dues promptly must come to an end.

“It breaks our hearts every time we see pensioners come to demand their pensions. It shouldn’t be like that. If you worked and gave your best years to your country, the least we can do is give you your best years when you retire,” she said.

Uzoka-Anite also praised the work of PTAD and its leadership, emphasising that pensioners now had a system in place that they could rely on.

“We want pensioners to know that it is now a thing of the past that they have to cry before they see their money,” she assured.

The minister reaffirmed that the government, under President Tinubu’s leadership, is fully committed to pension reform.

“The President understands the pain of being a pensioner. He was a pensioner first before we gave him a mandate to come back. He’s a man who has empathy for the suffering of the people,” she stated.

Also speaking at the event, the Director General of the National Pension Commission, Ms Omolola Oloworaran, expressed deep commitment to ensuring the welfare of pensioners.

“There is no greater honour than making an impact in the life of those who have given their all to this nation,” she stated, underscoring the importance of helping pensioners retire with dignity.

She highlighted the significance of the service charter as a renewed promise to pensioners, emphasising that their welfare is central to PenCom’s mission.

“It is more than a document; it’s a renewed commitment to our senior citizens,” she said.

Oloworaran also noted recent achievements, including the approval of long-outstanding arrears and the introduction of healthcare for pensioners.

She stressed that these initiatives are “life-changing” and will positively impact the lives of many households.

She reaffirmed PenCom’s commitment to ensuring pensioners’ dignity, transparency, and respect in retirement.

In her welcome remarks, the Executive Secretary of the Pension Transitional Arrangement Directorate, Tolulope Odunaiya, reaffirmed the organisation’s commitment to enhancing service delivery for pensioners.

“I am truly honoured to stand before you today at the official launch of our second edition of the Service Charter,” she began, noting that the event symbolised PTAD’s collective commitment to “entrenching excellence and beneficial impact in service delivery.

”The Executive Secretary stressed that the revised Service Charter is “more than a document,” calling it a “covenant” between PTAD, pensioners, and stakeholders.

The revised charter, she explained, includes realistic performance metrics, a renewed commitment to quality, and clearer accessibility for all pensioners.

“Our goal is to ensure you clearly understand your entitlements and the standards you can expect from us,” she added.

The National President of the Nigeria Union of Pensioners, Godwin Abumisi, expressed both gratitude and frustration at the state of pension administration in Nigeria during the launch of the revised Service Charter.

“I recognise the struggles we faced in collecting our pensions. Many of us died while trying to rectify issues with our pensions,” Abumisi said, reflecting on the past challenges pensioners faced during verification exercises.

He acknowledged the positive strides made by PTAD, stating, “We have left Egypt, but we are not yet at the promised land.”

While commending PTAD for its work, Abumisi highlighted that many pensioners, particularly in remote areas, still face difficulties with verification.

“Many of them do not have phones, and cannot complete this exercise without assistance,” he said, urging authorities to reach out to those left behind.

Abumisi concluded by thanking President Tinubu for his empathy towards pensioners, vowing that come 2027, pensioners would rally behind him.

“I wish to thank the president of Nigeria for his empathy for the pensioners of Nigeria.

We are seeing all that is needed to ensure that pensioners of Nigeria raise their heads above the water, and I want to make a promise that come 2027, we will direct all pensioners to vote for him,” he said.

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147 Lagos Structures to Face Impact From Coastal Highway

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President Bola Tinubu says 147 structures in Lagos will be affected by the construction of a service lane along the Lagos-Calabar Coastal Highway.

Five of the structures are expected to face full demolition, while the remaining 142 will experience minimal impact.

Tinubu disclosed this Sunday at a stakeholder engagement in Lagos, where he also flagged off repairs of the Eko and Marine bridges and a flooded section of the Lagos-Ibadan Expressway.

Represented by Lagos Gov. Babajide Sanwo-Olu, the president assured affected property owners that they would receive compensation where necessary.

Tinubu said the stakeholder engagement was designed to secure public support and ensure the effective implementation of the projects.

He described the Eko Bridge as one of the oldest bridges built after Nigeria’s independence, while noting that the Marine Bridge provides an important link to Lagos seaports.

The president urged Lagos residents and other stakeholders to support infrastructure projects designed to improve transportation and economic activity.

The figure of 147 affected structures was presented by a representative of the AEC consortium during the engagement.

Some of the affected residents and stakeholders asked some questions on areas of compensation and impact.

Tinubu said the Federal Government remains open to constructive criticism but urged stakeholders to support projects that are properly executed.

He said the projects are intended to deliver infrastructure that will serve Lagos residents and Nigerians for generations.

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Tinubu Flags Off Eko, Marine Bridge Repairs

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President Bola Tinubu has flagged off repairs of the Eko and Marine bridges in Lagos, as part of Federal Government efforts to improve critical infrastructure and ease traffic along the Lagos corridor.

Tinubu, represented by Lagos Gov. Babajide Sanwo-Olu, spoke Sunday at a stakeholder engagement on the Lagos-Calabar Coastal Highway.

Sanwo-Olu said the president remains committed to infrastructure development, security and job creation under the Renewed Hope Agenda.

The governor also said more than 200 kilometers of the Lagos-Calabar Coastal Highway had been constructed across various sections within two years.

He said additional slip roads and improved drainage links to the Lagos Lagoon would be introduced to ease movement and reduce flooding.

Works Minister David Umahi, meanwhile, condemned the vandalism of public infrastructure, describing it as “devilish,” “wicked” and unacceptable.

Umahi urged Nigerians to protect government assets, warning that vandalism could undermine the benefits of major infrastructure projects.

His comments followed the recent vandalism of sections of the newly constructed Festac-Alakija Bridge. Lagos authorities have arrested 27 suspects over the incident.

Umahi also ordered a crackdown on unauthorized activities along the Lagos-Calabar Coastal Highway, directing officials to stop motorcycles, tricycles, hawkers and loitering on the route.

The minister also called for stronger security around strategic infrastructure.

The 750-kilometer, 10-lane Lagos-Calabar Coastal Highway is designed to connect Lagos with Cross River through seven coastal states, with the Federal Government expecting it to improve transportation and boost economic activity

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ICPC: Adeyemi’s fake letter not from Presidency

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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has confirmed that Adeniyi Adeyemi Mathew was never appointed by the Federal Government and that the so-called Presidential Foreign Investment Promotion Council (PFIPC) was a fictitious entity.

Speaking at a press conference in Abuja on Saturday, ICPC Chairman Dr. Musa Adamu Aliyu, SAN, disclosed the findings of the agency’s 30-day probe ordered by President Bola Tinubu on 7 July 2026.

“Recall the President on 7th July, 2026 gave ICPC 30 days to investigate into the fake Presidential Foreign Investment Promotion Council and today is exactly 30 days. I have just submitted the interim report and briefed Mr. President accordingly,” Aliyu said.

He stated that the President, in the spirit of transparency and accountability, directed him to address the media for the benefit of Nigerians.

According to the interim report:

  • Adeniyi Adeyemi Mathew was never appointed by the Federal Government or any authority of government.
  • The PFIPC was never established by any law, executive order or other valid instrument of government.
  • The appointment letter presented by Adeyemi was completely forged, along with similar documents used to sustain the illegal activities of the fake agency.
  • The PFIPC cannibalised the former Presidential Economic Advisory Council (PEAC) and illegally appropriated offices and instruments of operation.
  • False projection, false representation, widespread impersonation and a range of illegal activities were perpetrated by Adeyemi as the purported Director-General.
  • Weaknesses in verification, inter-agency oversight and government processes were exploited by Adeyemi, with some level of negligence and connivance.
  • No funds of the Federal Government were approved or disbursed to the fake PFIPC/PEAC.

Aliyu emphasised that no weaknesses were found in the systems of the State House or the Central Bank of Nigeria, describing their processes as above board. He specifically noted that the fake appointment letter did not originate from the Presidency.

The ICPC further discovered that Adeyemi created two additional fictitious government agencies — the FCT Investment Promotion Agency (FIFA) and the Foreign Investment Promotion Agency and Public Private Partnership (FIFA-PPP). To facilitate their creation, he forged legislative instruments styled as Enabling Acts, which were used to support the opening of bank accounts.

Among the recommendations in the interim report are that Adeyemi should be fully prosecuted, administrative sanctions should be imposed on public officers whose acts of omission and negligence facilitated the illegal operations, and institutional reforms should be implemented.

Aliyu disclosed that investigations are ongoing into all activities and bank accounts linked to the PFIPC, Adeyemi and his collaborators.

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