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PENCOM Pays Pensioners N1.77bn Monthly – DG

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13 years ago

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The Director-General of National Pension Commission (PENCOM), Mr Muhammed Ahmad says that retirees under the Contributory Pension Scheme collect about N1.77 billion monthly as pension.

Ahmad stated this at a workshop with the theme entitled: “Effective Administration of Benefits under the Pension Reform Acts 2004” organised by the Commission for Journalists in Abuja.

He said that the retirees, numbering 54, 558 from both the public and private sectors, had also collected over N151.52 billion as lump sum on retirement.

“There are currently 54,558 retirees from the public and private sectors under the Contributory Pension Scheme that have collected over N151.52 billion as lump sum.

“They are also collecting about N1.77 billion as monthly pension while assets worth N2.94 trillion have been accumulated as at the end of September 2012.”

According to Ahmad, about 5.28 million Nigerians have been registered on the scheme as at September 2012.

The director general said that the recapitalisation of the Pension Fund Administrators (PFAs) from N150 million to N1 billion was successfully accomplished.

He said that the commission had taken legal action against employers that have not complied with the Act.

Ahmad said that the informal sector ‘received a major boost with the commission’s appointment of about 124 Recovery Agents.

“The Commission’s regulatory and supervisory risk-base and consultative, investment regulation and supervisory philosophy is being reviewed to allow for multiple funds.”

The director general said that the commission has set December  2012 for the opening date of the Retirement Savings Account (RSA) transfer Clearing System Application.

According to him, the Commission has issued the regulation for the transfer of RSA and that the document is on its website.

“The RSA Transfer Clearing System Application which will be used to coordinate the processes relating to transfer of RSAs is being developed and tested to ensure that it meets the capacity and robustness required.

“As part of the implementation of opening the transfer window, the PFAs and PFCs will participate in various workshops geared to ensure their full understanding and participation in the transfer process, before the window opens.”

Ahmad said that the Commission was also engaging state governments in the implementation of the Contributory Pension Scheme.

He said that the Commission also obtained the approval of the Debt Management Office (DMO) to ensure that state governments seeking to obtain bonds key into the Contributory Pension Scheme as a condition for obtaining the bond.

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Kenyan Runners Dominate Berlin Marathons

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2 days ago

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September 22, 2025

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Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.

Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.

The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.

Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.

“I did my best and I am happy for this performance,” said Sawe.

“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”

Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.

In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.

Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.

Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.

 

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NIS Ends Decentralised Passport Production After 62 Years

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2 days ago

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September 22, 2025

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The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
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FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year 

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2 days ago

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September 22, 2025

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The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
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