NECA Applauds Tinubu’s Dedication To Retirees And Pensioners’ Welfare

NECA has praised President Tinubu for demonstrating strong commitment to improving the welfare and support of retirees and pensioners across the country.

The Nigeria Employers’ Consultative Association (NECA) has commended President Bola Ahmed Tinubu for his consistent interest in the welfare of retirees and pensioners across the country.

NECA said that Tinubu’s disposition is a reflection of a deep recognition of the value of workers who have dedicated their productive years to building the Nigerian economy

These views were stated by the Director-General of NECA, Mr. Adewale-Smatt Oyerinde, who described the president’s consistent attention to pension-related matters as “a strong signal of his administration’s dedication to social protection, economic dignity in retirement, and the long-term sustainability of our pension system.”

Oyerinde emphasised that one of the critical steps that would sustain Tinubu’s commitment to the welfare of pensioners is timely reconstitution of the governing body of the National Pension Commission (PenCom) in full compliance with the Pension Reform Act. 

According to him, the absence of a fully functional governing body has implications for effective oversight, policy direction, and the preservation of corporate governance within PenCom. 

He said: “The pension industry thrives on trust, transparency, and sound governance. 

“Ensuring that PenCom’s governing body is reconstituted promptly will safeguard these principles, uphold the law, and boost public confidence in the entire pension system.”