PTAD disburses over N1trn to DBS pensioners

The Executive Secretary of the Pension Transitional Arrangement Directorate (PTAD), Ms Tolulope Odunaiya, has disclosed that a total of N1,002 trillion has so far been paid as monthly pension to an average of 212,385 Pensioners from the time of DBS takeover in 2015 to October 2025.

Odunaiya disclosed this on Thursday while speaking at a One-Day Capacity Building Workshop in Abuja.

Represented by the Director, Corporate Services Department, Mr Kabiru Yusuf, the PTAD boss said over the years, PTAD has worked assiduously to change the narrative of pension payment in Nigeria, especially under the DBS, and is proud to see that the hardwork has yielded and has continued to yield positive results.

She also mentioned that pension management in Nigeria is a very sensitive issue, and PTAD has been at the forefront since its inception, ensuring that the welfare of pensioners under the DBS remains a priority.

“About 55,000 pension complaints were inherited from the Civil Service of the Federation related to about 3,000 qualified pensioners at the take-off of the Directorate.

“Across the four pension operational departments, we inherited an estimated N304 billion of unfunded pension liabilities.”

Rolling out some initiatives it has set in motion, PTAD said it has secured Presidential approval for emergency budgetary funding of N45 billion for implementation of N32,000, 10.66 percent and 12 percent pension increment for all eligible pensioners on the payroll.

PTAD said it also secured Presidential approval for the liquidation of N39.2bn of unfunded pension liability arrears owed to Parastatals and covering the period from August 2015 to July 2023.

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