Enrolled federal workers who have not retired are covered by an accrued-pension funding horizon through December 2029, National Pension Commission (PenCom) Director-General Omolola Oloworaran said, citing a 41-month surplus after earlier arrears.
Oloworaran made the announcement at the Pension Correspondents Association of Nigeria conference in Abuja on Nov. 11, with PenCom Head of Corporate Communications Ibrahim Buwai representing her. Punch and Voice of Nigeria reported her remarks. She said the government’s position had shifted from 21 months in arrears to a 41-month surplus.
The claim applies to a defined group of pension entitlements. PenCom’s Q4 2025 Industry Dashboard uses “accrued rights” for benefits earned before the Contributory Pension Scheme, with a cutoff of June 30, 2004, by employees of federal ministries, departments and agencies funded by the Treasury. It does not describe every pension liability in Nigeria.
Oloworaran also said retirement benefits were now processed within 48 hours. PenCom’s written guidelines specify that pension fund administrators must credit affected Retirement Savings Accounts within 48 hours after funds reach them. The guidelines make remittance schedules subject to the availability of funds.
Accounts of the Nov. 11 announcement differ on the funding period. THISDAY reported that accrued rights were funded up to 21 months, while Punch and Voice of Nigeria reported Oloworaran’s account of a 41-month surplus. The reports do not provide the same description of the funding position.
