President Bola Tinubu has directed an increase in pensions and the implementation of a minimum pension guarantee for police retirees under the Contributory Pension Scheme (CPS).
The decision follows protests by retired police officers in Abuja demanding better welfare. Tinubu also mandated the swift rollout of free healthcare services for low-income retirees nationwide.
Presidential spokesperson Bayo Onanuga confirmed the directives in a statement on Wednesday, noting that the President issued the orders after a briefing by Omolola Oloworaran, Director-General of the National Pension Commission (PenCom).
Tinubu specifically instructed PenCom to resolve the long-standing pension issues affecting retired police officers, stressing that those who served the nation deserve to retire with dignity and financial security.
During the meeting, Oloworaran updated the President on efforts to safeguard pension funds against inflation and economic challenges. She also outlined plans to introduce foreign currency contributions, allowing Nigerians living abroad to participate in the pension system.
Tinubu endorsed these reforms, reaffirming his administration’s commitment to inclusive growth and the welfare of ordinary citizens.
The PenCom DG further detailed upcoming initiatives aimed at improving retiree benefits and expanding pension coverage. The President’s intervention comes after retired police officers staged protests in Abuja, highlighting delays and inadequate pension payments. Tinubu’s directives seek to address these grievances while ensuring sustainable support for retirees.
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