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Nigerian Govt to commence payment of pension backlog – Finance Minister Edun

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Pension

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has assured that the Federal Government will soon begin payment of the pension backlog.

Edun gave this assurance on Tuesday in Abuja during a peaceful rally by the Nigeria Union of Pensioners Contributory Pension Scheme Sector, NUPCPS, at the Federal Ministry of Finance. “We will start next week to pay everything that we can under the current budget as approved by the National Assembly. “What has happened now is that there is a backlog in terms of contributions and there is a solution.

We are committed to doing that starting from next week,” Edun said. He emphasized the Federal Government’s commitment to pensioners welfare. Speaking earlier during the protest, the National Chairman of NUPCPS, Mr Sylva Nwaiwu, said CPS had never benefited from any increment of the National Minimum Wage Act. Nwaiwu said that the Federal Government had not released accrued rights for pensioners for over 20 months .

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