THE FEDERAL government on Wednesday expressed its commitment to ensure that pension management was strongly improved as well as enhance the welfare of pensioners.
The Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, said this while on a working visit to Pension Transitional Arrangement Directorate (PTAD), in Abuja.
Edun said that the ministry would also support and improve digitisation system as such would promote transparency and accountability of pension entitlement in the PTAD.
According to him, this visit reaffirmed the Federal Government’s unwavering dedication to improving pension management and enhancing the welfare of pensioners.
Edun reiterated President Bola Tinubu’s unwavering commitment to pensioners’ welfare even amid essential economic reforms.
He assured the retires of the ongoing ministry’s support for the recent pension increment, aligning with the provisions of section 173:3 of the 1999 constitution.
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“Notably, this marks a historic initiative in Nigerian pension management with deliberate and timely increments and commitment to the timely payment of pension arrears and entitlements, as well as ensuring well-being of pensioners.
He, however, commended the PTAD staff for their dedication in pension administration, adding that the indispensable role of the agency would help to improve its service delivery.
“The minister’s visit underscores the ministry’s strategy to enhance fiscal management and promote socioeconomic stability through improved governance of public funds and the adoption of digitisation.
“This visit highlights our resolve to ensure that the systems managing our pension funds are not only robust and efficient but also aligned with our broader economic goals of transparency and accountability,” he said.
The Executive Secretary of the PTAD, Dr Chioma Ejikeme, while receiving the minister, expressed appreciation for the visit.
Ejikeme reaffirmed the commitment of PTDA by maintaining high service standards for pensioners and aligning with the government’s emphasis on enhancing public financial management.
“This engagement is integral to the ministry’s continuous drive to boost economic resilience and enhance the contribution of all governance sectors to Nigeria’s growth and development,” Ejikeme said. (NAN)
