The Director-General, Bureau of Public Service Reforms, BPSR, Dasuki Arabi, has assured that retirees would benefit from the pension reforms.
Arabi who gave the assurance on Wednesday, in Abuja at a stakeholders’ workshop on the Identification of Effective Implementation of Reform Modalities in Nigeria’s Pension Administration, also assured that he would ensure that the reforms were effectively implemented in the interest of beneficiaries.
He said Nigeria’s pension system, from the Colonial Pension Ordinance of 1951 to the Pension Reform Act 2004, has introduced the Contributory Pension Scheme for workers in the country.
Arabi said despite these reforms, challenges persisted, including non-compliance by some state governments, delays in payment of pension benefits, bureaucratic bottlenecks, and unreliable records.
According to him, the BPSR will ensure that every person who works in either the public or private sector in Nigeria receives his/her retirement benefits.
“It is our duty to ensure that these reforms are not just on paper but are effectively implemented to benefit our retirees.
“The Pension Reform Act of 2004 marked a pivotal moment in the history of our pension system. It introduced the Contributory Pension Scheme, a mandatory initiative aimed at providing a sustainable and reliable framework for the retirement benefits of all employees in Nigeria.
“However, despite these well-intentioned reforms, challenges persist, and it is essential for us to identify and address the gaps hindering the realisation of these objectives,” he said.