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Nigeria: Tinubu Directs Pencom to Implement Pension Increases

NIGERIA, AUG 6 – President Tinubu ordered pension increases and free healthcare for over 500,000 low-income retirees to address the impact of 33.4% inflation and improve welfare amid protests by retired police officers.

  • On July 6, 2025, President Bola Ahmed Tinubu directed the expedited rollout of free healthcare for low-income CPS retirees, ordered pension increases, and mandated urgent police pension resolution.
  • Amid rising living costs, many low-income retirees under the Contributory Pension Scheme face hardship due to low payouts and Nigeria’s inflation at 33.4% in Q2 2025, according to the National Bureau of Statistics.
  • Over 500,000 retirees are set to benefit, and PenCom will publish detailed implementation guidelines in the coming weeks with the Ministries of Finance, Labour and Health.
  • Among pension advocates, including the Nigeria Union of Pensioners, praised the directives but urged transparent funding plans, while President Tinubu said the initiative is vital for social protection.
  • By Q4 2025, Nigeria plans to implement pension increases and police pension resolutions, reflecting the administration’s broader agenda of protecting vulnerable populations and reinforcing trust.
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Nigerian News. Latest Nigeria News. Your online Nigerian Newspaper. broke the news in on Wednesday, August 6, 2025.
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