The Executive Secretary of the Pension Transitional Arrangement Directorate (PTAD), Tolulope Odunaiya, has disclosed that the department has secured a ₦45 billion emergency budgetary allocation for implementation and payment of arrears.
Odunaiye who held an urgent meeting Thursday with the Nigerian Union of Pensioners (NUP) and the Federal Parastatals and Private Sector Pensioners Association of Nigeria (FEPPPAN) to address concerns about a planned protest by a faction of the Pensioner Unions also urged the unions to dialogue with them instead of embarking on a naked protest.
The meeting, which included PTAD senior Management, aimed to reinforce unified communication and ensure the protection of Pensioners’ welfare and dignity according to a statement by Olugbenga Ajayi, Head, Corporate Communications of PTAD.
He said the Executive Secretary reaffirmed PTAD’s partnership with recognised Unions and highlighted key achievements, including the implementation of the ₦32,000 minimum wage pension increment, 10.66%, 12.95% approved pension increments.
Ajayi said she further clarified that the widely discussed ₦25,000 palliative is under the mandate of the Federal Ministry of Humanitarian Affairs and Poverty Alleviation, not PTAD but confirmed that PTAD is following up with the Ministry and will provide updates when available. The ES also cautioned that the proposed protest, particularly its planned “NAKED” demonstration could undermine the ongoing efforts being made to improve the welfare of Pensioners.
Responding, the NUP and FEPPPAN leaders disassociated themselves from the protest, reaffirming their commitment to peaceful dialogue, and encouraged Pensioners to channel their concerns through recognised structures.
The Executive Secretary who acknowledged their feedback reiterated PTAD’s commitment to improved communication, structured engagement, while upholding the dignity and well-being of all Pensioners under the Defined Benefit Scheme.
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