Tinubu Says Nigerians Should Judge His Record as ₦52,500 Pension Floor Begins

President Bola Tinubu urged Nigerians to judge his administration by its record as he announced the start of a minimum monthly pension guarantee of ₦52,500 for 173,209 eligible retirees. He also launched PenCare, a programme providing free essential healthcare to low-income pensioners. Tinubu was represented at the Abuja event by Senate President Godswill Akpabio. The National Pension Commission says eligible retirees earning below the new minimum will be raised to that amount immediately. The scheme is backed by more than ₦400 billion in the Pension Protection Fund. PenCom also said about 25,000 to 30,000 PenCare cards had already been distributed during pilot testing. Tinubu defended his government’s subsidy and foreign-exchange reforms, saying they had increased resources available to states and helped fund pension arrears. He challenged opposition figures to present their own pension records ahead of the 2027 presidential election. PenCom Director General Omolola Oloworaran denied that the timing was driven by the election, saying the launch date had been shifted for industry reasons. She said states would need to contribute to the Pension Protection Fund for their retirees to qualify for the minimum guarantee.

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