The Pension Transitional Arrangement Directorate (PTAD) has initiated the implementation of newly approved pension increases for retirees under the defined benefit scheme, following a partial release of ₦20.188 billion by the federal government.
In a statement released on Tuesday, PTAD noted that the adjustments include a fixed rate of ₦32,000, along with increases of 10.66% and 12.95%, which will be reflected in the payroll for September 2025.
This increment was authorized by President Bola Tinubu as part of an emergency budget allocation aimed at enhancing the welfare of senior citizens.
“The directorate is pleased to announce the start of the implementation of the ₦32,000, 10.66%, and 12.95% pension increases for eligible pensioners under PTAD,” stated Olugbenga Ajayi, PTAD’s Head of Corporate Communications.
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The funds were sourced from a ₦45 billion emergency allocation, with the initial disbursement made by the Ministry of Finance.
In addition to the pension increases, Tinubu has also approved comprehensive reforms, including a pension harmonization policy to be incorporated into the 2026 budget and the introduction of health insurance coverage for DBS pensioners.
PTAD clarified that these reforms aim to promote fairness, financial security, and dignity for retirees in Nigeria. With the new increments now in effect, thousands of pensioners nationwide will start receiving increased monthly payments beginning in September.
