President Muhammadu Buhari’s administration, has been hailed by retirees, under the aegis of Nigeria Union of Pensioners, Contributory Pension Scheme Sector (NUPCPS), as being the best they have seen in the last 14 years of the pension scheme.
This was contained in a letter, signed by the Chairman of the union, Comrade Sylva C. Nwaiwu, on 10th, December. According to the letter, the pensioners said they were registering their “unanimous acknowledgement and commendation of the good performance” of the administration, in the Contributory Pension Scheme sector in particular, and Nigerian Pension Industry in general.
“Your administration inherited huge pension liabilities as a result of the excesses and recklessness of the previous administration which mismanaged pension funds meant for the payment of retirement benefits ”
Nevertheless, your contribution in just few years in office is one of the best we have seen in the 14 years of the existence of the Contributory Pension Scheme (CPS) in our nation.”
“Your insight, determination, political will and commitment as demonstrated in the release of bailout funds to ameliorate the sufferings of Nigerian workers/pensioners is unequalled and highly appreciated by the union and other stakeholders.”