Fidelity bank card banner Camano banner
FG releases N54bn for outstanding pension liabilities

By Ismaila Chafe on 28/05/2017

Views: 1,100

•Presidential Spokesman Garba Shehu.
•Presidential Spokesman Garba Shehu.

The Federal Government has released N54 billion for the settlement of inherited and current liabilities to retirees on the platform of the Contributory Pension Scheme.

The presidential spokesman, Malam Garba Shehu, disclosed this when he featured on an interactive radio programme, “Hannu Da Yawa” on the Federal Radio Corporation of Nigeria, FRCN Kaduna.

The programme was part of activities to commemorate the second anniversary of the Buhari administration.

He also revealed that the Buhari administration had further directed that regular monthly remittances be made into the Retirement Benefits Bond Redemption Fund (RBBRF) with the Central Bank of Nigeria to ensure the continuity of timely payment of benefits to retirees.

According to him, under the Buhari administration, PTAD saved N5.7 billion through the efficient administration of the pensions of parastatals and universities.

“In addition, pension assets increased from N4.96 trillion in June 2015 to N6.42 trillion as at March, 2017, indicating a growth of over 29 percent.

“The government of President Muhammadu Buhari will continue to ensure the strengthening and accountability of PTAD,” the presidential spokesman assured.

Shehu, who is the Senior Special Assistant to the President on Media and Publicity, said the Buhari administration had brought to an end the series of fraud and scandals around the issue of pensions in Nigeria.

He said that this feat was achieved by strengthening the Pension Transitional Arrangement Directorate (PTAD), which had introduced a number of innovative measures over the past two years.

According to him, one of the measures is the automation of pension payment processes.

Shehu noted that the Bank Verification Number (BVN) policy had also been implemented in the pension scheme, with over 103,000 civil service pensioners verified.

“Pensioner records have also been digitalised for secure archiving, with thousands of thousands of old, physical pension folders converted to e-files.

“In addition, the government of President Buhari has enforced a new level of commitment to the welfare of pensioners and retirees, with the PTAD creating an automated and centrally administered complaints management process with a dedicated call centre that receives and treats over 200 calls on a daily basis,” he said.

He stated that in contrast to the past when a record number of pensioners died on queues trying to get their rights, “the new arrangement ensures that the pensioners are attended to with utmost care.”

He added that the arrangement had also provided a conducive atmosphere for verification, food and water as well as wheelchairs for those that have mobility challenges, adding that infirmed pensioners were verified at their home or hospital.

The Senior Special Assistant also claimed in the programme that the reform carried out by the administration in the National Drug Law Environment Agency (NDLEA), had brought “respect to Nigerian international travelers who now face less harassment at airports in other lands.”

He revealed that under the present administration, the NDLEA had seized more than one million kilogrammes of various drugs, destroyed about 110,000 hectares of drug farms and arrested 17,000 suspected drugs dealers.

He announced that so far, about 5,000 persons had been convicted in the last two years. (NAN)

Source News Express

Posted 28/05/2017 08:21:46 AM

 

 

CLASSIFIED ADS

 

You may also like...
FRSC mobile court convicts 33 in Onitsha

Nembe communities in Bayelsa reject ‘Greek Christmas gift’...

Alkali’s death: Lalong begs Army to forgive Plateau...

Atiku will beat Buhari at Tribunal and become...

Orji Kalu’s 11-year N3.2bn fraud trial stalled again...

PDP blasts Buhari over N16b release to Osun...

Fake loverboy bags one-year jail term for online...

Air Force frustrates another Boko Haram attempt to...

Rivers, Ebonyi, Kaduna, Lagos top anti-corruption chart

Another Boeing 737 Max 8 makes emergency landing...

Army nabs bandits’ logistics supplier, weapons manufacturer •Kills...

Court stops re-run elections in parts of Lagos...

 

Latest News HAPPENING NOW: Many trapped as three-storey building collapses in Jos IPOB blasts Tinubu, calls him a disgrace to noble Yoruba ancestry NIPOST Board moves to avert strike, summons emergency meeting of Union, Postmaster-General Umahi swears-in new Ebonyi Chief Judge 5 repentant kidnappers surrender to police How I slept with my brother-in-law in error – Housewife Atiku, PDP play 'rigging' videos in court Siasia opens up on mother’s kidnap COZA saga: Outrage as CAN sides with Fatoyinbo over rape allegations Police parade 13 suspected kidnappers of Buhari’s district head Cultists gun down final year varsity student in Cross River Notorious kidnapper arrested in Abia

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (506,913 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (430,610 views) Shameless Genevieve Nnaji exposes breasts in public (372,184 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (316,120 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (281,407 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (246,750 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (238,246 views) 10 cars more expensive than Jets (221,642 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (220,400 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (208,105 views) Lagos plane crash: Journalist releases victims’ names (187,786 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (186,486 views)

 

NNPC 2019 National Science Quiz Competition

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (96) Business & Economy (4,351) Business Verdict (76) Columnists (1,070) Complaints & Requests (95) Enterprise & Opportunities (210) Entertainment (634) Features (776) Global Business Monitor (394) ICT Monitor (53) International (3,709) Interview (192) Live Commentary (30) Love Matters (163) Maggie's Blog (334) News (48,643) Opinion (1,288) Pidgin (17) Politics (11,151) Religion (1,048) Sports (2,094) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera