Presenting a one-year performance report at the Pension Revolution Journalist Summit in Lagos, PenCom Director-General, Omolola Olowora, said the administration’s intervention represented a “historic turning point in restoring confidence among pensioners and contributors,” many of whom had awaited entitlements dating back to 2007.

According to PenCom, long-standing pension arrears for Federal Government treasury-funded retirees have now been fully settled, and “zero waiting time for payment of accrued pension rights was restored with effect from July 2025,” ensuring retirees receive their benefits promptly.

To enhance benefit adequacy, PenCom rolled out Pension Boost 1.0, which added about N2.68 billion to monthly payments under the Contributory Pension Scheme (CPS), easing financial pressure on retirees amid rising living costs.

Olowora explained that these reforms are anchored on Pension Revolution 2.0, “the most comprehensive overhaul of the pension industry since 2004,” which combines stronger regulation, tighter supervision, governance reforms, and full digital automation of critical pension processes, including pension clearance certificates, benefit processing, and contribution remittances.

A notable outcome of the reforms was a surge in employer compliance. PenCom revealed that between January and November 2025, recoveries jumped to N4.04 billion, compared with N1.44 billion in the entire 2024 financial year.

The Commission noted that N2.06 billion of these recoveries occurred in the third quarter alone, following a compliance circular that linked Pension Clearance Certificates to participation across the pension industry value chain.

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Obi lamented that greed and insatiable desperation for material acquisition among political leaders have made life a living hell for others by denying them the fruits of their labor.

The former Anambra State Governor stated this after what he described as a chilling encounter with an elderly woman during his official visit to the Shanahan College of Nursing Sciences, Nsukka, Enugu State.

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Obi said the encounter left him seriously worried about the depth of insensitivity that characterizes the nation’s political and institutional leadership in the country.

In a post on his X handle, he narrated how the woman lamented that her pension had not been paid despite devoting the productive years of her life to working for the nation.

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