PenCom Approves 1,173% Pension Increase for Retirees After 21 Years
[NigerianEye - Nigeria] - 29/01/2026
The National Pension Commission (PenCom) has approved a significant upward review of pensions for 2,116 retirees under the Nigeria Social Insurance Trust Fund (NSITF), resulting in a dramatic 1,173% increase in their total monthly payouts. This marks the first pension enhancement for these retirees in 21 years, following prolonged protests and advocacy.The decision, endorsed by President Bola Ahmed Tinubu and PenCom Director General Ms. Omolola Oloworaran, raises the combined monthly pension for the affected retirees from ₦12.56 million to ₦159.95 million. In addition, PenCom has disbursed (…)
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