The Pension Transitional Arrangement Directorate (PTAD) has disclosed that it has paid about N5.12 billion for 90,689 pensioners under the Defined Benefit Scheme (DBS).
In a statement signed by the Head of Corporate Communications Unit of PTAD, Mr Olugbenga Ajayi, on Monday, August 11, 2025, it was disclosed that, “This payment reaffirms the administration’s ongoing commitment to ensuring that pensioners receive their due entitlements in line with the Renewed Hope Agenda of President Bola Tinubu.”
This development, Business Post reports, is coming after Mr Tinubu approved measures aimed at improving the welfare of pensioners under the DBS.
In the statement today, PTAD said it paid N276.0 million as one-month pension arrear of 8,626 pensioners under the Customs Immigration and Prison Pension Department (CIPPD), N619.6 million in two-month pension arrears of 9,681 pensioners in the Police Pension Department (PPD), N408.7 million in one-month pension arrear of 12,773 pensioners under the Civil Service Pension Department (CSPD), and N3.8 billion as two-month pension arrears of 59,609 pensioners in the university sector of Parastatals Pension Department (PAPD).
The agency said, “In keeping with its assurance to clear outstanding pension liabilities as funds are disbursed by the federal government, the Pension Transitional Arrangement Directorate (PTAD) has finalised the disbursement of N5.12 billion to 90,689 pensioners across the four pension departments, reaffirming its continued dedication and unwavering commitment to pensioners’ welfare.”