FG clears N758bn pension arrears, 957,045 benefit

The Federal Government has cleared all inherited pension liabilities dating back to 2007 through a N758bn intervention bond, providing long-awaited financial relief to 957,045 beneficiaries across the country. The milestone was announced by the Director-General of the National Pension Commission, Ms Omolola Oloworaran, during her keynote address at the 2026 PenCom Media Conference in Lagos.

This decision marks a decisive end to decades of delayed benefits passed down across multiple political administrations and represents a commitment to pension security for all Nigerians.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.