Harboursandport.com: Lagos – August 11, 2025: President Bola Tinubu has directed the expedited rollout of the free healthcare access initiative for low-income retirees under the Contributory Pension Scheme (CPS), describing it as a critical component of social protection and dignity in retirement.
He also called for 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.
The
President gave the directives after receiving a briefing from Ms. Omolola
Oloworaran, the Director General of the National Pension Commission (PenCom).
PenCom DG, Omolara Oloworaran |
President Tinubu 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.
The DG 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,
the DG updated the President on a suite of transformative pension initiatives
to enhance retiree welfare and expand the Pension Scheme's reach.
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