Tinubu launches ₦52,500 minimum monthly pension for 173,209 retirees

Retirees under Nigeria's Contributory Pension Scheme will now receive at least ₦52,500 a month, after President Bola Tinubu activated a minimum pension guarantee in Abuja.
What was announced
At the Presidential Pension Security Initiatives ceremony at the State House on Wednesday, 11 November 2026, the President, represented by Senate President Godswill Akpabio, declared the guarantee active for 173,209 qualifying retirees. He described it as a floor beneath Nigerian retirees and urged future governments to raise it but never remove it. The Director-General of the National Pension Commission (PenCom), Omolola Oloworaran, confirmed the figure and said more than 65 per cent of private-sector retirees currently earn less than the new minimum.
Who benefits
According to PenCom, 54 per cent of the qualifying retirees come from the private sector, 34 per cent from federal service and 12 per cent from state employment. More than ₦400bn in the Pension Protection Fund will finance the guarantee.
Healthcare and arrears
The President also launched PenCare, a healthcare plan that will give low-income pensioners free access to essential health services, with access cards to be distributed in the coming months. He said the government had issued a ₦758bn bond to clear pension arrears and approved a ₦32,000 monthly adjustment for affected federal pensioners.
Background
The minimum pension was first written into the Pension Reform Act of 2004 and kept in the 2014 law, but no government had put it into effect until now.
- 173,209 retirees qualify for the ₦52,500 minimum.
- Free healthcare for low-income pensioners was also launched.
- A ₦758bn bond will clear pension arrears.


