Reps Committee on pension conducts oversight visit to PTAD

The Pension Transitional Arrangement Directorate (PTAD) on Tuesday, has welcomed the House of Representatives Committee on Pensions on an official oversight visit to its Headquarters in Abuja.

The engagement, led by the Committee Chairman, Honourable Jallo Hussaini Mohammed, provided an avenue for the Committee to assess PTAD’s operations and review its budget performance for 2024 as well as the first half of 2025.
The Executive Secretary of PTAD, Tolulope Odunaiya, in her welcome address expressed gratitude to the Committee for its consistent support and collaboration with the Directorate.

While giving an overview of the Directorate’s budget performance, she enumerates the key achievements of the Directorate on the successful implementation of the 20/28% pension increment (wef January 2024) into its September 2024 pension payroll and full settlement of the accrued arrears.

She further stated there is continuous arrears payment of the N32K, 10.66% and 12.95% pension increments with the available savings made from successive balance of funds in the pension sub-head after paying the monthly pension.
As contained in a statement released by the Directorate, Odunaiya disclosed that PTAD had secured Presidential approval for inclusion of critical pension-related items in the 2026 budget proposal.

These included funding for the full implementation of the N32,000 pension increment, settlement of unfunded pension liabilities, the proposed pension harmonization policy, health insurance coverage for Defined Benefit Scheme (DBS) pensioners.

While reaffirming PTAD’s steadfast commitment to DBS pensioners, she acknowledged the invaluable partnership and oversight role of the National Assembly in strengthening pension administration in Nigeria.
She also highlighted key challenges facing the Directorate and sought the Committee’s support in addressing them.

In his response, Hon. Jallo Hussaini Mohammed commended PTAD for its notable strides in enhancing pension payments and improving service delivery.

He assured that the Committee would continue to work closely with PTAD to ensure the welfare of DBS Pensioners remained a national priority.