The Federal Government of Nigeria, through the Pension Transitional Arrangement Directorate (PTAD), says it has completed the latest disbursement of N8.6 billion in pension arrears as part of the N32,000 increment approved by President Bola Tinubu in 2024.
According to a statement released on Monday by PTAD’s Head of Corporate Communications, Olugbenga Ajayi, the funds were allocated to 148,625 eligible Defined Benefit Scheme (DBS) pensioners spanning several sectors, including the Police, Civil Service, Parastatals, Customs, Immigration, and Prisons Pension Departments.
Ajayi noted that PTAD had previously settled arrears related to the first increment of 20% to 28%, which came into effect in January 2024.
