President Bola Tinubu has directed the expedited rollout of the free healthcare access initiative for low-income retirees under the Contributory Pension Scheme (CPS).
In a statement, the Special Adviser to the President on Information and Strategy, Bayo Onanuga, says the President describes it as a critical component of social protection and dignity in retirement.
According to the statement, the President gave the directives after receiving a briefing from the Director General of the National Pension Commission, PenCom, Omolola Oloworaran.
President Tinubu further mandates the Director General of PenCom to urgently resolve the longstanding police pension issue, emphasising that members of the police force who serve and protect the nation deserve to retire with dignity and peace of mind.
It explains that 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 macroeconomic pressures, as well as plans to introduce foreign currency contributions to enable Nigerians in the diaspora to participate in the pension system.
The statement says the president strongly supports the reforms, reaffirming his administration’s commitment to inclusive growth and protection for ordinary Nigerians.
During the briefing, she updated the President on a suite of transformative pension initiatives to enhance retiree welfare and expand the Pension Scheme’s reach.
RN
