…Oyedele approves disbursement of N39.6bn to 24,814 pensioners
Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy, has approved the disbursement of N39.63 billion to 24,814 eligible Defined Benefit Scheme (DBS) pensioners.
The Pension Transitional Arrangement Directorate (PTAD) carried out the payments with the supervision of the Federal Ministry of Finance, following the Minister’s directive to prioritise the settlement of verified pension liabilities, bringing relief to beneficiaries across the country.
According to Oyedele, the payment reflected the administration’s determination to ensure that retired public servants receive the benefits they earned through decades of dedicated service.
“A nation that values service must also honour those who gave their productive years in its service. This payment is about people, not just figures. It is about restoring confidence, rewarding sacrifice and giving thousands of pensioners and their families the reassurance that they have not been forgotten”, he said.
