Close Menu
  • Home
  • Feature
  • News
  • Opinion
  • Photo Stories/Events
  • Report
Facebook X (Twitter) Instagram
  • About TheNumbersNG
  • Contact Us
Facebook Instagram
TheNumbersNGTheNumbersNG
  • Home
  • Feature
  • News
  • Opinion
  • Photo Stories/Events
  • Report
TheNumbersNGTheNumbersNG
Home » State Govts Owe Pensioners N1 Trillion
News

State Govts Owe Pensioners N1 Trillion

October 23, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

State governments are owing pensioners benefits and gratuities of about N1 trillion.

A review by The Nation indicated that despite the Pension Reform Act (PRA) 2004, repealed by PRA 2014 that led to the establishment and commencement of Contributory Pension Scheme (CPS) for all workers in 2007, successive governors have failed to fully embrace the CPS.
While the 25 states are at various stages of implementation of the scheme, some are still in disarray. Six states were at the bill stage while another six have laws on the Contributory Defined Benefits Scheme (CDBS). Also, 16 states have established pension bureaux or boards, and 11 are remitting employer and employee pension contributions in line with the CPS.

States that are yet to join the scheme are Bayelsa, Kogi, Abia, Taraba, Imo, Sokoto, Ebonyi, Oyo and Bauchi.

While states like Lagos, FCT, Osun, Kaduna, Ekiti, Edo and Ondo have fully implemented the scheme.

Industry estimates indicated that total pension and gratuity arrears by states stand at about N1 trillion.
Analysts have criticised the politicisation of pension payments, decrying the frequent attempts by governors to portray pensions as favours rather than earned dues of the pensioners.

Please visit the link for the full story

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Elvis Eromosele

Related Posts

FG Scraps Import Duties on EVs, Buses, Machinery to Tackle Inflation

April 14, 2026

Nigeria’s Insurance Premiums Hit N2.3 Billion in Q4 2025, Driven by Oil, Annuity Growth

April 14, 2026

Japan Moves to Hike Visa, Residency Fees in Sweeping Immigration Reform

April 14, 2026
Add A Comment
Leave A Reply Cancel Reply

You must be logged in to post a comment.

TheNumbersNG
  • About TheNumbersNG
  • Contact Us
© 2026 TheNumbersNG.

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.