The Tinubu Media Volunteers (TMV) has commended the Federal Government’s approval of the payment of N39 billion in pension arrears to former employees of the Nigerian Telecommunications Limited (NITEL), the Power Holding Company of Nigeria (PHCN), and other retirees under the Defined Benefit Scheme (DBS), describing the move as historic and commendable.
In a statement signed by its Chairman, Chukwudi Enekwechi, and Secretary, Segun Ogedengbe, the group said the approval was significant because the pension arrears had remained unpaid for more than two decades.
According to the statement, the prolonged delay in payment subjected many pensioners to severe hardship and had become a source of concern to retirees, their families, and the nation.
“We note that the non payment of the pensions had over the years subjected the pensioners to untold hardship. It is acknowledged that the payment will also cover pensioners under the Defined Benefit Scheme (DBS),” the statement said.
TMV noted that workers who dedicated their productive years to serving the country deserved to receive their entitlements promptly, adding that timely payment of pensions would inspire future generations to contribute meaningfully to national development.
The group also said the approval demonstrated the Federal Government’s commitment to workers’ welfare and the protection of the dignity of labour.
It further stated that the settlement of the arrears reflected the determination of President Bola Tinubu’s administration to ensure that pensioners receive their entitlements, noting that much of the outstanding liabilities were inherited by the current administration.
According to the group, the payment aligns with the Renewed Hope Agenda and represents another milestone in the Federal Government’s efforts to improve the welfare of retirees and strengthen confidence in pension administration.
