The Pension Transitional Arrangement Directorate (PTAD) has finalized payment of another instalment of pension arrears arising from NGN32,000 increment approved by President Bola Ahmed Tinubu in 2024.
The latest instalment, which totals at N8.6 billion, will cover 148,625 eligible Defined Benefit Scheme (DBS) pensioners across the Police, Civil Service, Parastatals, as well as the Customs, Immigrations and Prisons Pensions Departments of the Directorate.
According to the statement released by the Directorate stating that this payment is in continuation of the Federal Government’s settlement of arrears accruing from the second pension increment of NGN32,000 approved by Mr. President in July 2024.
PTAD had earlier fully settled the arrears of the first increment of 20/28% approved by the President, which took effect from January 2024. 
The breakdown of the payment is as follows: 1. The sum of NGN5.7 billion was paid to 59,342 eligible pensioners under Parastatals Pensions Department (PaPD);
2. The sum of NGN2.3 billion was paid to 71,084 eligible pensioners under the Civil Service Pensions Department (CSPD). 3. The sum of NGN310 million was paid to 9,579 pensioners under the Police Pension Department (PPD).
4. The sum of NGN276 million was paid to 8,620 pensioners under the Customs, Immigration and Prisons (now Correctional Service) Pension Department.
Announcing the payment, the Executive Secretary of PTAD, Tolulope A. Odunaiya reiterated the unwavering commitment of the federal government towards the full settlement of the outstanding balance accruing from the increment.
She further emphasized the unflinching determination of the Federal Government to proceed with its programmes aimed at improving the welfare of pensioners in line with Mr. President’s Renewed Hope Agenda.
