Nigerian government owes pensioners over ₦400 billion


The Chairman of the Senate Committee on Establishment and Public Service, Ibrahim Shekarau, has claimed that the federal government currently owes retirees over ₦400 billion in accrued pension, Punch newspaper reported.

Mr Shekarau said this at the second annual National Assembly retreat with the Pension Funds Operators Association of Nigeria (PenOp) held in Uyo, Akwa-Ibom State on Monday.

He said the committee would work with the federal government to offset all the arrears, “even if it would be the only achievement that the 9th National Assembly would be remembered for.

“Government owes the accrued pension funds of over ₦400 billion,” Punch newspaper quoted Mr Shekarau to have said.

He said President Muhammadu Buhari “might not be aware of the huge debt” but pledged…



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