*President Bola Ahmed Tinubu urges prompt implementation of long-overdue pension increases and a minimum pension guarantee, to provide a safety net for the most vulnerable pensioners under the Nigerian Government’s Contributory Pension Scheme

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The Federal Government of Nigeria has directed expedited rollout of the free healthcare access initiative for low-income retirees under the Contributory Pension Scheme (CPS) in the country.

President Bola Ahmed Tinubu, who stated this in Abuja, FCT, described the Contributory Pension Scheme (CPS) as a “critical component of social protection and dignity in retirement”.

Tinubu urged the prompt implementation of long-overdue pension increases and a minimum pension guarantee, which would provide a safety net for the most vulnerable pensioners under the CPS.

Cross-Sections of Nigerian pensioners at a programme聽 聽 聽 聽 File Photo

Mr. Bayo Onanuga, Special Adviser to the President on Information and Strategy, Wednesday, August 6, 2025, said the President gave the directives after receiving a briefing from Ms. Omolola Oloworaran, Director-General of the National Pension Commission (PenCom).

The President further mandated the PenCom DG to urgently resolve the longstanding police pension issue, emphasising that members of the police force who serve and protect the nation deserve to retire with dignity and peace of mind.

Ms. Oloworaran also briefed the President on ongoing efforts to ensure the value preservation of pension fund assets, especially in the face of inflation and macroeconomic pressures, as well as plans to introduce foreign currency contributions to enable Nigerians in the diaspora to participate in the pension system.

President Tinubu strongly supported the reforms, reaffirming his administration’s commitment to inclusive growth and protection for ordinary Nigerians.

During the briefing, Director-General of PenCom updated the President on a suite of transformative pension initiatives to enhance retiree welfare and expand the Pension Scheme’s reach.