Tinubu announces N52,500 minimum monthly pension for Nigerian retirees under CPS

Amid wide complaints astir inadequate pension payments to retirees successful the look of rising surviving costs successful Nigeria, President Bola Ahmed Tinubu has announced a minimum pension warrant of N52,500 monthly nether the Contributory Pension Scheme, CPS.

Tinubu, during the unveiling of the strategy nether the National Pension Commission, PenCom, said the inaugural would supply further fiscal enactment for retirees successful Nigeria.

"I hereby state that the minimum pension warrant strategy commences with effect from today," helium said.

The President, who is seeking re-election successful 2027, besides announced a caller healthcare pension strategy known arsenic PenCare.

Tinubu said his medication had been capable to execute 2 cardinal societal information initiatives simultaneously.

"For the archetypal clip successful our beloved history, the Nigerian retiree holds 2 things astatine once: an income that cannot autumn beneath the floor, and a paper that opens the doorway of a hospital. That is societal security,” helium stated.

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