President Bola Ahmed Tinubu has directed the immediate rollout of free healthcare services for low-income retirees under the Contributory Pension Scheme (CPS), describing the initiative as a crucial step toward ensuring dignity and social protection for elderly Nigerians.
In addition to the healthcare directive, the President ordered the prompt implementation of long-overdue pension increases and the Minimum Pension Guarantee, aimed at providing a financial safety net for the most vulnerable pensioners in the country.
These directives were issued following a briefing from the Director General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran, at the State House in Abuja.
According to a post shared by Presidential Adviser on Information and Strategy, Bayo Onanuga, via his official X handle on Wednesday, President Tinubu also instructed PenCom to urgently resolve the longstanding police pension crisis, emphasizing that law enforcement personnel who serve the nation deserve to retire with dignity and peace of mind.
The PenCom DG updated the President on several key initiatives, including:
Ongoing efforts to preserve the value of pension fund assets amid inflation and economic instability.
READ ALSO: Tinubu Celebrates Nigerian Students for Winning Global English Championship
Plans to introduce foreign currency pension contributions, enabling Nigerians in the diaspora to participate in the pension scheme.
A broader suite of transformative reforms designed to improve retiree welfare and expand the scheme’s coverage and inclusivity.
President Tinubu expressed strong support for these reforms, underscoring his administration’s commitment to inclusive economic growth, social protection, and safeguarding the livelihoods of ordinary Nigerians.
“This administration will continue to prioritise the well-being of our citizens, especially those who have spent their lives serving the nation,” Tinubu stated during the briefing.
The move has been widely seen as a positive step in aligning Nigeria’s pension system with global best practices, while addressing long-standing concerns about the adequacy and fairness of retirement benefits.