By Johnbosco Agbakwuru
ABUJA — THE Federal Parastatals and Private Sector Pensioners Association of Nigeria (FEPPPAN) has commended President Bola Tinubu for authorising the payment of over N39 billion to clear inherited Defined Benefit Scheme (DBS) pension obligations, with the settlement of 35 months of arrears for 9,675 former NITEL/MTEL pensioners constituting the largest single component.
The association called the move a landmark demonstration of the Federal Government’s commitment to restoring the dignity, welfare and financial security of thousands of retirees whose pension entitlements had been unpaid for years.
FEPPPAN also praised the Pension Transitional Arrangement Directorate (PTAD), the National Assembly, the Federal Ministry of Finance, the Budget Office of the Federation, the Office of the Accountant‑General of the Federation, and other relevant government bodies for their roles in facilitating the successful implementation of the presidential approval.
In a statement jointly signed by its President-General, Elder Benjamin Maisamari Amako, and General Secretary, Mr. Franklin Erinle, the association said the intervention reflects the importance President Tinubu’s administration attaches to social protection, responsible governance and the welfare of pensioners under the Renewed Hope Agenda.
