President Bola Tinubu has directed a expedited rollout of the free healthcare access initiative for low-income retirees under the Contributory Pension Scheme (CPS).
In a statement by his Special Adviser on Information and Strategy, Mr. Bayo Onanuga, the President describes it as a critical component of social protection and dignity in retirement.
The President also called for prompt implementation of long-overdue pension increases and a minimum pension guarantee, which will provide a safety net for the most vulnerable pensioners under the scheme.
The President gave the directives after receiving a briefing from the Director General of the National Pension Commission, PenCom, Ms. Omolola Oloworaran.
He further mandated the Director General of PenCom to urgently resolve the longstanding police pension issue.
President Tinubu stated that police personnel who serve and protect the nation deserve to retire with dignity and peace of mind.
According to the statement, the Director General also briefed the President on ongoing efforts to ensure the value preservation of pension fund assets, especially in the face of inflation and macro-economic pressures.
The DG also spoke of plans to introduce foreign currency contributions to enable Nigerians in the diaspora to participate in the pension system.
According to the statement, the President is strongly in support of the reforms.
He re-affirmed his administration’s commitment to inclusive growth and protection for ordinary Nigerians.
