Pensioners under the Defined Benefit Pension Scheme (DBS) can now smile to the bank as the Pension Transitional Arrangement Directorate (PTAD) began the payment of N32,000, 10.66 per cent and 12.95per cent pension increment in the September 2025 pension payroll cycle.
This followed the President Bola Ahmed Tinubu’s approval of the emergency budgetary allocation for the payment of the new pension increment rates for pensioners under the Defined Benefit Pension Scheme (DBS).
The directorate was able to secure a partial release of N20.188 billion from the N45 billion approved by the President.
The Executive Secretary, Pension Transitional Arrangement Directorate (PTAD), Tolulope Odunaiya made this known in a statement obtained by The Nation.
She said: ‘This achievement has been made possible through the partial release of N20.188 billion, by the Federal Ministry of Finance, from the initial N45 billion emergency funding approval granted by the Federal Government. This milestone clearly reaffirms the Federal Government’s dedication to safeguarding the welfare and entitlements of DBS pensioners in line with the Renewed Hope Agenda.
‘PTAD expresses profound appreciation to the President, His Excellency, Asiwaju Bola Ahmed Tinubu, GCFR, for approving the emergency funding allocation to implement the pension increments as well as other landmark reforms that are certain to enhance the welfare of the beneficiaries and redefine the future of the Defined Benefit Scheme (DBS) pension administration.
‘We also acknowledge the unflinching support of the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun; Minister of State for Finance, Dr. Doris Uzoka-Anite; Chief of Staff to the President, Hon. Femi Gbajabiamila; Special Adviser to the President on Revenue, Dr Zacch A. Adedeji; the Accountant-General of the Federation, Mr. Shamseldeen B. Ogunjimi, the Senate Committee on Establishment and Public Service, the House Committee on Pensions, and other stakeholders too numerous to mention. Their commitment, timely interventions, tireless disposition, partnership and coordinated efforts have been instrumental in ensuring that this day, when the DBS Pensioners will begin to enjoy this enhanced pension payment, is realised’.
She expressed appreciation to the national leadership of the Nigeria Union of Pensioners (NUP) and the Federal Parastatals and Private Sector Pensioners Association of Nigeria (FEPPPAN), for their cooperation, understanding, constructive discussion, collaboration and perseverance while the Executive Secretary and Management of PTAD worked diligently to secure the release of funds.
Odunaiya further assured all DBS pensioners and stakeholders that the Directorate will continue to collaborate with the relevant authorities towards release of the outstanding approved funds and subsequent fulfillment of all future obligations relating to the pension increments and the landmark reforms.