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Posted: 2025-06-24 05:15:25 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-06-24 05:15:39 UTC
Verified By
Rollup News
The National Pension Commission (PenCom) announces Pension Boost 1.0, increasing monthly pensions for retirees under the Contributory Pension Scheme (CPS) from June 1, 2025. Monthly payments will rise from ₦8.3 billion to ₦11.9 billion, benefiting over 233,000 retirees, driven by strong investment returns and President Tinubu's economic reforms. This is supported by the approval of ₦758 billion to clear pension liabilities, reflecting a commitment to restoring dignity and financial security to Nigerian retirees.
Increase in monthly pensions for retirees
Financial security for Nigerian retirees
Economic reforms by President Tinubu
Clearance of pension liabilities
Longstanding pension liabilities