Wale Edun: FG committed to pensioners' welfare amid economic reforms

Wale Edun, minister of finance, says the federal government is committed to the welfare of pensioners “amid essential economic reforms”.

He assured the PTAD of the ministry’s support for the recent pension increment, which aligns with the provisions of section 173 of the 1999 constitution.“Notably, this marks a historic initiative in Nigerian pension management with deliberate and timely increments as well as commitment to the timely payment of pension arrears and entitlements emphasising the government’s commitment to the well-being of pensioners,” Edun said.

According to the statement, the activity also aims to promote socioeconomic stability through improved governance of public funds and the adoption of digitisation.He commended the PTAD staff for their dedication to pension administration, recognising their indispensable role. The directorate staff also expressed appreciation for the visit, reaffirming their commitment to maintaining high service standards for pensioners and aligning with the government’s emphasis on enhancing public financial management.of between 25 percent and 35 percent in the salaries of civil servants on the six consolidated salary structures.

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