2025 declared year of retirement security for pensioners

The Nigerian government has designated 2025 as the Year of Retirement Security for Pensioners, aiming to address key concerns in the pension sector.

In a move to prioritize the welfare of retirees, 2025 has been officially named the Year of Retirement Security for Pensioners. This declaration highlights ongoing efforts to strengthen retirement benefits and ensure financial stability for those who have served the nation.

The initiative comes amid broader discussions on pension reforms in Nigeria. While specific details on implementation were not outlined in initial announcements, the focus is expected to include enhancements to pension funds and security measures for retirees.

This step reflects the government's commitment to social security, particularly for pensioners facing economic challenges. No further timelines or programs were detailed in the available reports.

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French Prime Minister Sébastien Lecornu announces the suspension of the 2023 pension reform at a press conference, with French flags and documents in the background.
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French prime minister suspends pension reform until 2027

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French Prime Minister Sébastien Lecornu has announced the suspension of the 2023 pension reform, deferring discussions on age and contribution duration until after the 2027 presidential election. The move aims to stabilize the budget amid democratic distrust, but it sparks debate on implications for equality and professional inequalities. Experts note that the reform's foundations remain unchanged, while urging fixes for disparities, especially for women and seniors.

The Social Security System will roll out the second phase of a three-year pension increase for retirement, disability, and survivors' pensions starting in September 2026, without raising contribution rates.

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As 2026 begins, Nigerians are voicing hopes for a calmer year amid ongoing challenges. Key concerns include rising scams in forex, crypto, and online investments, alongside positive developments in finance and technology.

President Bola Ahmed Tinubu will address a joint session of Nigeria's National Assembly on December 19, 2025, to present the proposed 2026 Appropriation Bill. This annual fiscal event follows formal notifications to lawmakers. Security measures will ensure smooth proceedings at the assembly complex.

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The National Assembly adopted the Social Security Financing Bill for 2026 on Tuesday, by 247 votes to 232, marking the first budget validation without using Article 49.3 since 2022. The text includes the suspension of the 2023 pension reform, secured through compromises with the Socialist Party. Prime Minister Sébastien Lecornu's government hails this hard-won victory.

The Federal Ministry of Housing and Urban Development in Nigeria has announced plans to focus on finishing existing projects in 2026.

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The Pension Transitional Arrangement Directorate (PTAD) has disbursed N29.99 billion to retirees under the Direct Benefit Scheme (DBS) during the third quarter of 2025.

 

 

 

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