The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced that the federal government will begin addressing the long-standing pension backlog next week. His statement came in response to a protest by the Nigeria Union of Pensioners Contributory Pension Scheme Sector (NUPCPS) outside the Federal Ministry of Finance in Abuja....CLICK HERE TO CONTINUE READING.>>
The protest was prompted by frustrations over delayed pension payments, which have caused financial difficulties for many retired public servants who rely on these payments to meet their needs.
Thank you for reading this post, don't forget to subscribe!Edun assured the pensioners that the government is committed to clearing as much of the backlog as possible within the limits of the current budget. He confirmed that the approved funds would be directed to address outstanding payments, emphasizing the urgency of resolving the issue.
His comments signal the government’s intent to tackle pension challenges more proactively, aiming to alleviate the hardships faced by many elderly citizens dependent on these funds.
The minister also expressed regret that the situation had escalated to a protest, acknowledging the importance of timely pension payments and showing empathy toward the pensioners’ grievances.
He assured them that his office would be available for further dialogue to prevent future protests. Edun admitted he was unaware of the pensioners’ November 11 deadline, and if he had known, he would have taken immediate action.
His response suggests a commitment to improving communication with pensioner groups and ensuring such issues are addressed more efficiently in the future.
He remarked, “am not happy that you have had to take this step, and I assure you that any time you or your leaders seek an audience with me, I will be available in the office,” the minister said.READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>
