Pensioners Urges FG To Release Pension Arears

Many pensioners in the Federal Capital Territory have expressed frustration over the delay in the payment of pension arrears.

The News Agency of Nigeria reports that President Bola Tinubu had given approval for the N758 billion Treasury Bond by the Federal Executive Council in February for payment of the arrears.

However, the National Assembly has approved the implementation of the N758 billion Treasury bond on July 22.

The bond was to clear all government liabilities under the Contributory Pension Scheme for retirees for more than decades.

The pensioners, who lamented over their sufferings, also urged the immediate implementation of the N758 billion Treasury bond to increase their monthly pension in line with the present economic reality.

In an interview with NAN, Hajiya Amina Lawal, said that even some workers could not afford three meals, adding that it is harder for pensioners.

“We were happy after the announcement by the president that we are going to be paid, but we did not know we would have to wait this long for processing.