Tinubu pledges minimum pension guarantee and retiree healthcare

President Bola Tinubu has pledged to implement the Minimum Pension Guarantee and expand healthcare support for eligible retirees, presenting the measures as part of a broader effort to improve retirement security in Nigeria. His commitments were delivered by Secretary to the Government of the Federation George Akume at the National Pension Conference and Awards in Abuja on October 29, 2026. Akume said the government would implement the guarantee, provided for under the Pension Reform Act 2014 but not previously put into effect. It is intended to provide a safety net for eligible retirees whose income under the Contributory Pension Scheme is inadequate. The minimum payment and detailed eligibility and implementation rules were not announced at the conference. Tinubu also said a federal pension bond had been approved to settle accrued pension rights and strengthen the Pension Protection Fund. The amount was reported differently: Akume’s remarks were reported as referring to N758 billion, while another account of the same conference reported N738 billion. The stated purpose was the same, but the amount could not be established from the conflicting reports. The president’s...