President Bola Ahmed Tinubu has approved a series of far-reaching measures aimed at improving the welfare of pensioners under the Defined Benefit Scheme (DBS), marking a significant milestone in Nigeria’s pension reform efforts.
The approvals, which align with the President’s Renewed Hope Agenda, were confirmed in a statement issued by Mr. Olugbenga Ajayi, Head of Corporate Communications at the Pension Transitional Arrangement Directorate (PTAD).
Among the key measures is the immediate implementation of an extra budgetary allocation to enforce new pension rates for DBS pensioners.
