President Tinubu has ordered the implementation of a pension increase and free healthcare for retirees.
Newsone Nigeria reports that President Bola Tinubu has directed the relevant regulatory agency to expedite the rollout of the free healthcare access initiative for low-income retirees.
The President said the healthcare scheme should be coordinated under the Contributory Pension Scheme (CPS).
According to the President, the directive became necessary to make social protection and dignity in retirement a sacrosanct administrative policy.
President Tinubu, through a statement by his media aide, Bayo Onanuga, on Wednesday, July 6, 2025, equally directed the implementation of the long-overdue pension increases and a minimum pension guarantee.
Newsone recalls that retirees under the Police Pension Scheme recently staged a protest in Abuja, the nation’s capital, where they lamented the dire situation they have been subjected to in the payment of their pension entitlements.
The President said the pension increase is aimed at providing a safety net for the most vulnerable pensioners under the Contributory Pension Scheme.
President Tinubu gave the directives after receiving a briefing from Ms. Omolola Oloworaran, the Director General of the National Pension Commission (PenCom).
While the meeting lasted, he mandated the PenCom DG to urgently resolve the longstanding police pension issue, emphasising that members of the police force who serve and protect the nation deserve to retire with dignity and peace of mind.
The Pencom Boss took time to brief the President on ongoing efforts to ensure the value preservation of pension fund assets, especially in the face of inflation and macroeconomic pressures, as well as plans to introduce foreign currency contributions to enable Nigerians in the diaspora to participate in the pension system.
President Tinubu strongly supported the reforms, reaffirming his administration’s commitment to inclusive growth and protection for ordinary Nigerians.
During the briefing, the DG updated the President on a suite of transformative pension initiatives to enhance retiree welfare and expand the Pension Scheme’s reach.
