The Tinubu Media Volunteers (TMV) has hailed the Federal Government’s approval of the payment of N39 billion in pension arrears owed to former employees of NITEL, PHCN and other retirees under the Defined Benefit Scheme (DBS), describing the move as a historic and commendable achievement.
In a statement signed by its Chairman, Chukwudi Enekwechi, and Secretary, Segun Ogedengbe, the group said the clearance of pension arrears, some of which had remained unpaid for over two decades, reflects the Tinubu administration’s commitment to the welfare of retirees.
According to the group, the prolonged delay in settling the pensions had subjected many retirees and their families to severe hardship while also becoming a source of national embarrassment.
TMV stressed that workers who dedicated their productive years to serving the country deserve to receive their entitlements promptly, noting that such a gesture would encourage future generations to contribute meaningfully to national development.
The group said the approval underscores the Federal Government’s resolve to protect the dignity of labour and ensure that pensioners receive their benefits without unnecessary delays.
It also noted that a significant portion of the pension liabilities was inherited by the current administration, adding that the settlement aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda aimed at addressing longstanding obligations to retirees.
TMV further described the payment as another milestone in the government’s efforts to improve the welfare of pensioners and restore confidence in Nigeria’s pension administration system.
