Abuja: President Bola Tinubu has directed the immediate rollout of free healthcare for low-income retirees under the Contributory Pension Scheme (CPS). He has also mandated the prompt implementation of overdue pension increases and a minimum pension guarantee to protect vulnerable retirees. These initiatives, announced through a statement by his Spokesperson, Mr. Bayo Onanuga, are seen as critical components of social protection and ensuring dignity in retirement.

According to News Agency of Nigeria, the directive followed a briefing by Ms. Omolola Oloworaran, the Director-General of the National Pension Commission (PenCom). President Tinubu further instructed the PenCom D-G to urgently resolve the longstanding police pension issue, emphasizing the importance of dignified and peaceful retirement for those who serve and protect the nation.

The News Agency of Nigeria reports that retired police officers recently protested across the country over poor pensions and living conditions. They have called for the removal of the Nigeria Police Force from the CPS, citing systemic anomalies as a major concern. Following these events, Oloworaran briefed the president on efforts to preserve pension fund value amidst inflation and economic pressures.

She outlined plans to enable foreign currency contributions, allowing Nigerians in the diaspora to participate in the pension scheme. Additionally, she highlighted upcoming reforms aimed at boosting retiree welfare and expanding pension coverage nationwide.