Home Business Pension PenCom DG, NUP President Bond To Improve Welfare Of Pensioners
Pension

PenCom DG, NUP President Bond To Improve Welfare Of Pensioners

Share
From Left: The Director General of the National Pension Commission, Ms. Omolola Oloworaran and The President Nigeria Union of Pensioners, Comrade Godwin Ikechukwu Abumisi during a recent visit to NUP Headquarters in Abuja
Share

The Director General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran, has reaffirmed the Commission’s commitment to strengthening collaboration with the Nigeria Union of Pensioners (NUP) to enhance the welfare of retirees in Nigeria.

Ms. Oloworaran made this pledge on Thursday, September 25, 2025, when she led a PenComdelegation on a courtesy visit to the NUP headquarters in Abuja. The team included the Acting Commissioner,

Inspectorate, Mr. Samuel Chigozie Uwandu, and other senior management staff.

Speaking during the visit, the PenCom DG lauded the NUP for its unwavering advocacy on behalf of pensioners.

She noted that the Union’s representation on PenCom’s Governing Board has been instrumental to the effective implementation of the Contributory Pension Scheme (CPS).

She assured the Union that PenCom remained resolute in its mandate to safeguard the retirement benefits of Nigerian workers.

The PenCom DG saidall outstanding pension increases approved by the Federal Government would be implemented this year, backed by the N758 billion bond approved by President Bola Ahmed Tinubu.

She added that the funds would soon be made available for payments to commence.

Furthermore, she said PenCom and NUP share a common mission — the protection and welfare of pensioners.

She tasked the Union to continue to collaborate with PenCom to ensure that retirees enjoy the dignity and security they deserve after years of service to the nation.

In his response, the President of NUP, Comrade Godwin Ikechukwu Abumisi, hailed the visit as historic, describing Ms. Oloworaran as the first PenCom DG to visit the Union’s Headquarters in Abuja.

He praised PenCom as a “star performer” in prioritising pensioners’ welfare and urged the DG to convey the Union’s appreciation to President Tinubufor placing retirees’ wellbeing at the heart of government policy. He added that the pensioners will reciprocate President Tinubu’s actions at the appropriate time.

Comrade Abumisi further tasked PenCom to ensure the full implementation of all past pension increases under the CPS — a request the DG reiterated would be achieved before the year runs out.

The visit concluded with the PenCom delegation touring the ongoing NUP building project locatedwithin the environs of its national headquarters. Both institutions pledged to sustain and deepen their partnership in the collective interest of pensioners nationwide.

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

Stanbic IBTC Unveils New Pension Options for Nigerians Earning In Naira and Foreign Currency

Stanbic IBTC Pension Managers Limited, a subsidiary of Stanbic IBTC Holdings PLC,...

Relief For Retirees As PenCom Begins Instant Payouts Of Benefits

BY NKECHI NAECHE-ESEZOBOR—After years of frustration and uncertainty, Nigerian retirees can finally...

Parthian Pensions Eyes Micro Pension Market To Drive Retirement Savings Accounts, AUM

BY NKECHI NAECHE-ESEZOBOR—Parthian Pensions Limited said its  targeting the micro pension market ...

Kaduna Gov Approves ₦2.3bn To Pay Pensions, Gratuities, Death Benefits

Kaduna State Governor, Uba Sani, on Sunday approved the release of ₦2.321bn...