Director General of Micheal Imoudu Michael Imoudu National Institute for Labour Studies(MINILS) Comrade Issa Aremu has described the recently approved N758 billion bond to settle long standing pension liabilities by President Bola Ahmed Tinubu as a timely welcome act of compassion and good governance
Comrade Aremu said this while speaking on the sideline of 2025 Ramadan Annual Lecture of Nigeria Television Authority (NTA) Ilorin.
He pointed out that while successive governments unacceptably accumulated pension arrears, it was commendable that President Bola Ahmed Tinubu boldly cleared the slate of pension indebtedness.
The Director General explained that the N758 billion is the most impactful measure of the Renewed Hope Agenda in labour market after the 2024 National minimum wage Act.
The Labour Expert observed that the historical decision approved by the Federal Executive Council (FEC), which translated to the highest Federal pension bond in history marked a watershed moment in Nigeria’s pension administration in Nigeria.
Comrade Aremu therefore urged state governments to emulate the Federal government in settling the claims of pensioners in the states as millions of retired workers suffered avoidable delayed and low pension incomes.
He stated that all efforts to fight systemic corruption will not yield the desired result until Nigeria intentionally secures life after work for the working people.
