MINISTER OF FINANCE AND COORDINATING MINISTER FOR THE ECONOMY SUPPORTS DIGITISATION, ENHANCED PENSION MANAGEMENT

From Lateef Taiwo

The Honourable Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, has reaffirmed the Federal Government’s unwavering dedication to improving pension management and enhancing the welfare of pensioners.

Edun disclosed this during a working visit on Wednesday, to Pension Transitional Arrangement Directorate ( PTAD), Headquarters in Maitama, Abuja

During his visit, HM Edun was hosted by PTAD’s Executive Secretary, Dr. Chioma Ejikeme, and the management team. They engaged in discussions and toured the facilities, with a focus on the vital backend computation projects aimed at improving the efficiency and transparency of pension entitlements.

The Minister commended PTAD staff for their dedication in pension administration, recognizing their indispensable role. Minister Edun reiterated President Bola Ahmed Tinubu’s unwavering commitment to pensioners’ welfare even amid essential economic reforms. He assured of ongoing Ministry of Finance support for the recent pension increment, aligning with the provisions of section 173:3 of the 1999 constitution. Notably, this marks a historic initiative in Nigerian pension management with deliberate and timely increments as well as commitment to the timely payment of pension arrears and entitlements emphasizing the government’s commitment to the well-being of pensioners.
In a press statement signed by Mohammed Manga, Director , Information and Public relations ministry of Finance, sent to Newsmen states that

“:The Minister’s visit underscores the Ministry’s strategy to enhance fiscal management and promote socioeconomic stability through improved governance of public funds and the adoption of digitisation.”
“This visit highlights our resolve to ensure that the systems managing our pension funds are not only robust and efficient but also aligned with our broader economic goals of transparency and accountability,” he added.

According to the statement ‘The Directorate staff expressed appreciation for the visit, reaffirming their commitment to maintaining high service standards for pensioners and aligning with the government’s emphasis on enhancing public financial management.”

“This engagement is integral to the Ministry’s continuous drive to bolster economic resilience and enhance the contribution of all governance sectors to Nigeria’s growth and development.”