News Formal

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

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 22 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 59%

Edun News

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 .

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nigeria spends increased revenue on cash transfers – Finance Minister EdunNigeria's Minister of Finance, Wale Edun, said the country is spending its increased revenue on social investment, such as cash transfers to Nigerians. Edun disclosed this on Tuesday at a panel session during the 30th Nigeria Economic Summit in Abuja.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Strike: Pay our withheld salaries -SSANU, NASU tell Finance Minister EdunStriking university unions - the Senior Staff Association of Nigerian Universities, SSANU, and the Non-Academic Staff Union of Educational and Associated Institutions, NASU - have asked the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, to pay their four months’ withheld salaries, following approval of the payment by...
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Hardship: Fuel, FX subsidies gone – Finance Minister gives update on Nigerian EconomyThe Nigerian Government through the Minister of Finance, Wale Edun has reiterated that fuel and foreign exchange subsidy policies are gone. Edun disclosed this during the presentation of the Nigeria Development Update by the World Bank in Abuja on Thursday.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

No going back on forex, subsidy reforms – Finance ministerThe Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says there is no going back on the current administration's reforms in the forex and oil and gas sectors. Edun made this known when he received the newly assigned Minister of State for Finance, Doris Uzoka Anitez at the Ministry’s headquarters, on Monday.
Source: DailyPostNGR - 🏆 11. / 59 Read more »