DBS Pensioners To Benefit From Tinubu’s Pension Reforms, Welfare Initiatives -PTAD
By Sunday Etuka, Abuja
Pensioners under the Defined Benefit Scheme (DBS) are to benefit from the emergency budgetary allocation approved by President Bola Tinubu for the implementation of key pension reforms and welfare benefits.
The Executive Secretary, Pension Transitional Arrangement Directorate (PTAD), Tolulope Odunaiya, disclosed that the President has graciously approved additional budgetary allocation for the full implementation of the new pension rates.
Odunaiya, in a statement on Friday by the Head, Corporate Communications Unit, PTAD,Olugbenga Ajayi, also disclosed that President Tinubu has given approval for adoption of the proposed Pension Harmonization policy for DBS Pensioners in the 2026 Pension Budget, and Provision of Health Insurance coverage for all DBS Pensioners under the 2026 Pension Budget.
Tinubu also approved the inclusion of the balance of inherited unfunded pension liabilities owed to pensioners of NITEL/MTEL and accrued pension arrears of other parastatal pensioners in the 2026 Budget Proposal.
The approval, according to her, follows the earlier request made to the President by the Directorate for an emergency budgetary allocation to implement key pension reforms and welfare benefits, including: Implementation of New Pension Rates: – N32,000 pension increment – 10.66% and 12.95% pension increment for Pensioners of Defunct and Privatized Agencies, Pension Harmonization for all DBS Pensioners, Enrolment of DBS Pensioners into the National Health Insurance Scheme (NHIS), and Settlement of accrued Unfunded Pension Liabilities owed to Pensioners of the Defunct Agencies and Treasury-Funded Parastatals.
The PTAD boss thanked the President for the historic approvals, noting that it reflects the President’s steadfast commitment to the welfare of Nigeria’s Senior citizens, also citing it as a turning point in DBS Pension Administration.
“These approvals are a testament to the Renewed Hope Agenda’s focus on equity, social justice, and the dignity of our Pensioners. Additionally, it cements the position of Mr. President, as the leader who ushered a new era of far-reaching and impactful welfare benefits for Pensioners under the Defined Benefit Pension Scheme (DBS)” she stated.
She pledged that the reforms would be implemented in phases in collaboration with relevant Government Agencies, reassuring all DBS Pensioners of Directorate’s continued dedication and unwavering commitment to their welfare.
