FEDERAL PENSIONERS PLAN PROTEST OVER N32,000 INCREMENT

FEDERAL PENSIONERS PLAN PROTEST OVER N32,000 INCREMENT

Federal Pensioners under the Contributory Pension Scheme have written to the Coordinating Minister of Finance and National Economy, Wale Edun, to demand the implementation of the earlier announced N32,000 increment in pension.

The N32,000 increment for pensioners was announced shortly after the announcement of the 70 thousand naira minimum wage for workers.

The pensioners, who had earlier staged a peaceful rally at the Ministry of Finance on November 12, 2024, expressed appreciation for the minister’s ‘civilised way of handling their grievances.’

However, they lamented that despite promises, the accrued rights account had remained uncredited, stating that they would not back down until their demands were met.

The pensioners’ union leadership, in a letter dated November 25, 2024, called for “payment of the approved 32 thousand naira monthly pension increase per retiree arising from the current national minimum wage.