The Federal Government is set to float a ₦758 billion bond to clear outstanding pension liabilities, the National Pension Commission (PenCom) has announced.
The landmark intervention is designed to settle accumulated arrears under the Contributory Pension Scheme (CPS) as well as legacy pension obligations. According to PenCom, the process will be concluded before October 2025.
The Commission described the move as a major relief for retirees and workers approaching retirement, stressing that the bond issuance demonstrates the government’s renewed commitment to pension reform and the welfare of senior citizens.
Officials disclosed that the settlement would cover long-standing shortfalls owed to retirees, restore confidence in the CPS, and strengthen Nigeria’s pension sustainability framework.
𝗙𝗼𝗹𝗹𝗼𝘄 𝗢𝘂𝗿 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗧𝗼 𝗚𝗲𝘁 𝗟𝗮𝘁𝗲𝘀𝘁 𝗡𝗲𝘄𝘀 𝗔𝘀 𝗜𝘁'𝘀 𝗗𝗿𝗼𝗽!
