Abuja, Dec. 17, 2025 – The National Pension Commission (PenCom) has disbursed over N577.26 billion to over one million retirees from the N758 billion bond approved by the federal government to settle the pension liabilities.
Omolola Oloworaran, the Director-General of PenCom, disclosed this on Tuesday at the “2025 Pension Revolution Summit – A 365 Days Scorecard.”
Oloworaran said the funds were realised through the bond market and were being paid to the affected, describing the gesture as one of the most historic milestones in the pension industry.
Oloworaran said a total of N577,264,960,890.43 had been credited directly to the accounts of pension retirees and contributors, impacting more than 1.05 million retirement savings accounts nationwide.
“The major tranche of this was N387 billion for pension increases. Out of this amount, we have paid N362,742,954,000, leaving a balance of about N24.7 billion, which we are processing,” she said.
”Oloworaran said Pencom was coming out with the minimum pension guarantee.
“This is just a share of the Federal Government in paying the subvention for the minimum pension guarantee, and this is also being disbursed,” she said.
The Pencom boss said the commission had also remitted N107 billion to cover the Federal Government’s outstanding 2.5 per cent pension contributions for a five-year period, after noting that the government did not make those contributions between 2017 and 2021.
“This went directly to the addresses of 750,223 individual retirement savings accounts,” adding that payments to professors under approved pension enhancements were also ongoing in batches.
