FG Clears ₦39.6bn Pension Arrears, Ends DBS Backlog

Stacks of documents and financial records symbolizing pension payments as the Federal Government of Nigeria announces the clearance of ₦39.6 billion in Defined Benefit Scheme arrears affecting over 24,000 retirees.

By Oluwakemi Kindness The Federal Government says it has cleared ₦39.6 billion in long-standing pension arrears under the Defined Benefit Scheme (DBS), bringing inherited pension liabilities to an end and providing relief to more than 24,000 retirees. According to a statement issued on Friday by the Federal Ministry of Finance and PTAD, the payments cover […]

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