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
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
Related Articles

PenCom, PenOp Spotlight PCRS Successes, Challenges, and Strategic Future at 1-Year Anniversary

BY NKECHI NAECHE-ESEZOBOR—The  National Pension Commission (PenCom), has stressed the need for...

You Cannot Put Pension Deductions in State Accounts—PenCom Boss Warns Governors

BY NKECHi NAECHE -ESEZOBOR—The National Pension Commission (PenCom), has strongly condemned the...

CPS Adoption: PenCom Moves to Create Income Streams for State Pension Bureaus

BY NKECHI NAECHE -ESEZOBOR—In a bid to encourage more states to join...

Leadway Pensure Advises Income Earners to Build Long-Term Financial Security

BY NKECHI NAECHE-ESEZOBOR—Leadway Pensure PFA has called on Nigerians  income earners  to...