The Federal Government of Nigeria announced that it has eliminated a 21‑month pension backlog for federal employees and will now pre‑fund accrued pension rights for these workers through December 2029.
The clearance of the backlog means that all outstanding pension payments that had accumulated over nearly two years are now settled, ending a period of delayed benefits for federal staff.
In addition to resolving the arrears, the government said it will pre‑fund pension entitlements for the remainder of the decade, ensuring that contributions made by workers are secured up to the end of 2029.
This move is intended to restore confidence in the federal pension system and provide financial certainty for retirees and current employees who rely on timely pension disbursements.
Federal officials emphasized that the pre‑funding arrangement will help prevent future delays and maintain the sustainability of pension obligations for the public sector.
<small>Source: Punch Nigeria — read the original story there.</small>
