By Peter Omopo
The Pension Transitional Arrangement Directorate (PTAD) has raised the alarm over the inadequate allocation for pension arrears in the 2025 national budget signed by President Bola Tinubu.
In a statement issued on Friday by PTAD’s Head of Corporate Communications, Mr. Olugbenga Ajayi, the agency expressed concern that despite the N54.99 trillion budget being higher than previous years, it still fails to adequately cover accumulated pension liabilities.
Executive Secretary of PTAD, Ms. Tolulope Odunaiya, voiced the concerns during a courtesy visit to the Director-General of the Budget Office of the Federation, Mr. Tanimu Yakubu, in Abuja.
“The 2025 National Budget does not adequately provide for pension arrears,” the statement quoted Odunaiya as saying. “This shortfall poses a serious threat to the welfare of retired civil servants, many of whom rely solely on their pensions for survival.”
Odunaiya emphasized the need for stronger collaboration between PTAD and the Budget Office to ensure timely resolution of pension-related issues. She proposed the formation of a joint committee to address persistent funding gaps and streamline pension disbursements.
In response, Yakubu accepted the recommendation and formally established the committee to work with PTAD in resolving the issues.
