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Govt’s approved N54bn can’t clear pension backlog

By Emman Ovuakporie  & Johnbosco Agbakwuru

ABUJA — THE Nigeria Union of Pensioners, NUP, yesterday, said the approval of N54 billion by the Federal Government did not clear the backlog of pension liability to pensioners, as the government’s indebtedness to the Contributory Pension Scheme, CPS, was over N280 billion.

This was in respond to statement credited to the Minister of Finance, Mrs. Kemi Adeosun, that the Federal Government had released N54 billion to clear its liabilities to the CPS from 2013 till date.

NUP in a statement in Abuja by its National President, Dr. Abel Afolayan, said approval for payment did not translate to payment.

The statement,  entitled, “Approval of N54bn: FG’s pension liabilities not yet cleared,” challenged the minister to tell pensioners when the fund was transferred to the National Pension Commission, PENCOM, and when it will hit pensioners’ accounts.

The statement read: “We also appreciate President Muhammadu Buhari for his show of humaneness and for the promise, through the Minister of Finance, that henceforth “the monthly allocation to the PENCOM based on the appropriation of 2017 will regularly be paid along with monthly salaries of Ministries, Departments and Agencies, MDAs, in order to avoid future accumulation of arrears of pension liabilities by the FG.

“However, the NUP feels  compelled to put the facts straight as the Federal Government’s indebtedness to the CPS is well over N280bn. Therefore, the release of N54bn cannot be said to have cleared Federal Government’s backlog of pension liability.”




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