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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The National Assembly adopted the suspension of the pension reform until January 2028 on Wednesday, backed by the PS, ecologists, and RN. On Thursday, deputies voted against cutting the 10% tax abatement for retirees, removing other measures targeting seniors from the 2026 budget. These moves signal a government retreat amid political divisions.

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