The Pension Transitional Arrangement Directorate (PTAD) has disbursed N5,694,967,800.00 in pension arrears to 137,897 pensioners under the Defined Benefit Scheme (DBS), marking a significant step in Nigeria’s pension payment system.
This substantial payout fulfills the N32,000 pension increase approved by President Bola Ahmed Tinubu on July 29, 2024, aimed at enhancing the welfare of retired Nigerians.
PTAD’s Executive Secretary, Tolulope Odunaiya, confirmed that the directorate initiated these pension arrears payments in December 2024, reflecting months of coordinated efforts. This was detailed in a press release signed by Olugbenga Ajayi, Head of Corporate Communications, today.
Under the Police Pension Department (PPD), 9,678 pensioners received three months’ arrears, ensuring timely support for Nigeria’s retired law enforcement personnel.
Meanwhile, 8,619 pensioners from the Customs, Immigration, and Prisons Pension Department (CIPPD) were paid two months’ arrears, addressing backlogs for these critical sectors.
In the Civil Service Pension Department (CSPD), 58,462 pensioners received one month’s arrears, while an additional 12,062 in the same department collected two months’ arrears, showcasing varied disbursement timelines.
For the Parastatals Pension Department (PaPD), 49,076 pensioners received one month’s arrears, though university sector pensioners under this category, paid separately in December 2024, were excluded from this batch.
Pensioners from defunct agencies such as PHCN, NITEL/MTEL, NICON Insurance, Nigeria Reinsurance, and the New Nigeria Shipping Line (NNSL) did not benefit, as their specialized salary structures fall outside the approved pension increase scope.
Odunaiya emphasized PTAD’s steadfast commitment to clearing all outstanding pension arrears as funds become available, reinforcing trust in the directorate’s mission.
“We sincerely appreciate the pensioners’ patience and understanding during the delay in payments,” Odunaiya stated, acknowledging their resilience amid financial delays.
She further noted, “Their continued trust and confidence in PTAD is a testament to our dedication to their welfare,” underscoring the agency’s focus on retiree well-being.
This announcement, was detailed in a press release signed by Olugbenga Ajayi, Head of Corporate Communications, on April 17, 2025, highlights PTAD’s ongoing efforts to support Nigeria’s pensioners.
