Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    NAFDAC Alerts Nigerians to U.S. Recall of Children’s Ibuprofen

    June 13, 2026

    Bitcoin Price Tops $64k as Institutional Demand Resurfaces

    June 13, 2026

    XRP Price Climbs as Ripple Launches XRPL AI Starter Kit

    June 13, 2026
    Facebook X (Twitter) Instagram
    Trending
    • NAFDAC Alerts Nigerians to U.S. Recall of Children’s Ibuprofen
    • Bitcoin Price Tops $64k as Institutional Demand Resurfaces
    • XRP Price Climbs as Ripple Launches XRPL AI Starter Kit
    • IFC Invests in Caribbean Debt Fund to Strengthen Resilience
    • Niger Unlocks Access to Fresh IMF Loan
    • BEATUSD- Audiera Delivers 208% Gain in Bearish Crypto Market
    • Obi Advocates Lower Interest Rates, Security Measures to Drive Growth
    • Dogecoin Climbs on Elon Musk SpaceX IPO Catalyst
    • Home
    • About Us
    Facebook X (Twitter) Instagram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Sunday, June 14
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » PTAD Disburses N55.9bn Monthly Pensions, Outstanding Arrears

    PTAD Disburses N55.9bn Monthly Pensions, Outstanding Arrears

    Marketforces AfricaBy Marketforces AfricaJanuary 2, 2026 News No Comments2 Mins Read
    PTAD Disburses N55.9bn Monthly Pensions, Outstanding Arrears
    Share
    Facebook Twitter LinkedIn Pinterest Email

    PTAD Disburses N55.9bn Monthly Pensions, Outstanding Arrears

    The Pension Transitional Arrangement Directorate (PTAD) has disbursed a total sum of N55.9 billion as monthly pensions and pension arrears to eligible pensioners

    The Next-of-Kins of (NoK) also received pensions of their deceased family members under the Defined Benefits Scheme (DBS) in December, 2025. This was contained in a statement issued by the Head, Corporate Communications Unit,  PTAD, Mr Olugbenga Ajayi, in Abuja on Friday.

    He said that a total of N13,411,400,362.87 was paid as monthly pensions across all operations pension departments, including Diaspora Pensioners, while N42,501,348,236.06 was paid as pension arrears.

    Ajayi said that the arrears paid covered outstanding obligations of N32,000.00 pension increment, and also the 10.66 per cent as well as 12.95 per cent pension increments. He said that other accrued pension arrears, gratuity, and death benefits owed to eligible beneficiaries were also offset.

    Ajayi gave the breakdown of the payment of arrears across the pension departments as follows: Police Pension Department (PPD) N5,881,592.00 paid to five pensioners while Customs, Immigration and Prisons Pension Department (CIPPD) received N604,332,733.96 for 8,606 pensioners.

    According to him, N16,362,359,730.91 was paid to 71,643 pensioners in the Civil Service Pension Department (CSPD) while N15,066,055,536.83 was paid to 24,995 pensioners in the Defunct and Transferred Agencies Department (DTAD).

    He said that 25,718 pensioners in the Parastatals Pension Department (PaPD) were paid N7,808,635,906.98 while 28,245 pensioners in

    Tertiary Education and Health Department (TEHD) received  N2,370,854,790.39.

    “Also, gratuity and death benefits of N289,109,536.99 were paid to eligible NoK of deceased pensioners,”the PTAD official said.

    Ajayi said that with these payments, arrears resulting from the N32,000 pension increment has been fully liquidated across all pension departments, except for one month each outstanding for pensioners in the PaPD and TEHD.

    Also, the Executive Secretary of PTAD, Tolulope Odunaiya, said that the payments reflected President Bola Tinubu’s unwavering commitment to the welfare of senior citizens, in line with the administration’s Renewed Hope Agenda.

    She reiterated the directorate’s commitment to clearing the remaining one month arrears owed to PaPD and TEHD, while continuing to implement initiatives aimed at improving the welfare and overall well-being of DBS Pensioners. Oando Defies Recent Weakness with Santa Claus Rally

    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    NAFDAC Alerts Nigerians to U.S. Recall of Children’s Ibuprofen

    Bitcoin Price Tops $64k as Institutional Demand Resurfaces

    XRP Price Climbs as Ripple Launches XRPL AI Starter Kit

    IFC Invests in Caribbean Debt Fund to Strengthen Resilience

    Niger Unlocks Access to Fresh IMF Loan

    BEATUSD- Audiera Delivers 208% Gain in Bearish Crypto Market

    Add A Comment

    Comments are closed.

    Editors Picks

    Nigerian Exchange Rises by N213bn after 7-Day Selloffs

    October 4, 2023

    Black Friday for FX Markets Over New Virus Variant in S.Africa

    November 26, 2021

    Perspective: How the Nigerian Economy Stands – Part 1

    September 1, 2021

    Ticking Debt Clock: How Much Can Nigeria’s Economy Absorb?

    July 28, 2020
    Latest Posts

    NAFDAC Alerts Nigerians to U.S. Recall of Children’s Ibuprofen

    June 13, 2026

    Bitcoin Price Tops $64k as Institutional Demand Resurfaces

    June 13, 2026

    XRP Price Climbs as Ripple Launches XRPL AI Starter Kit

    June 13, 2026

    IFC Invests in Caribbean Debt Fund to Strengthen Resilience

    June 13, 2026

    Niger Unlocks Access to Fresh IMF Loan

    June 13, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.