The Pension Transitional Arrangement Directorate (PTAD) has announced the disbursement of a whopping N8.6 billion in arrears to 148,625 pensioners across Nigeria.
This significant payout comes as a relief to many retirees who have been waiting anxiously for their overdue payments. The PTAD’s efficient processing and distribution efforts underscore the government’s commitment to honoring pension obligations and improving the welfare of senior citizens.
Pensioners have expressed gratitude, noting that the funds will help ease financial burdens and improve their quality of life. Analysts suggest that such timely disbursements can boost consumer spending and contribute positively to the economy.
