Economy · 6 days ago
Nigeria clears massive pension arrears
The Nigerian federal government has released 39.6 billion naira to settle long-standing pension liabilities for former workers of the NITEL and PHCN organizations. The Pension Transitional Arrangement Directorate confirmed the payments aim to address years of arrears under the Defined Benefit Scheme. Officials stated the move is part of the administration's broader commitment to social welfare reform.
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