Connect with us

Government

Pensioners Urge Fed Govt to Pay Outstanding Benefits

Published

on

Pensioners

Pensioners under the umbrella of the Association of Retired Senior Public Officers of Nigeria (ARFESPON) have appealed to the Federal Government to pay them all outstanding pension benefits.

They are also asking the government to stop the disparity in payment of pension benefits between its members and their serving counterparts.

ARFESPON is made up of retired management level officers from salary grade level 14 to Permanent Secretaries, Comptrollers-General of Customs, Immigration and Prisons and career Ambassadors.

The President of the Lagos State chapter of the association, Olufemi Odewabi, while speaking with reporters in Lagos said government currently owes its members 30-month pension benefits.

According to him, the government is yet to implement the 53.4 per cent pension increase following salary increase it effected for federal public workers in 2010, which by stipulations of the law of the federation should supply to retirement benefits of pensioners.

He said: “The Federal Government is yet to listen to yearnings of retired senior public officers. We have been pleading with government to totally effect the 2010 increase in our pension benefits and to end the era of disparity in the payment of retirement benefits to pensioners.

“The government had during the regime of Goodluck Jonathan effected 53.4 per cent increase in the salaries of public office workers and failed to do same for pensioners. Section 173, sub-section 3 of the Constitution of Nigeria states that pension shall be reviewed every five years or together with any federal civil service salary review, whichever is earlier.”

“When we reacted to government’s non-compliance with the above section of the law regarding the increase it made in the salaries of its workers in 2010, the government set up a committee to review our case. But the committee went contrary to the position of the Constitution on the issue and recommended 33 per cent increase for the pensioners against 53.4 per cent effected on federal workers’ salaries.”

This, according to Odewabi, left the pensioners with a short change of 20.4 percent. He lamented that rather than pay the 33 per cent increase recommended by the committee in full, government has been paying in installments. He appealed to President Muhammadu Buhari to clear the 30 months arrears and pay up the sum total of the 20.4 per cent deducted by the committee.

He noted that his members were right in their demand for payment of the 20.4 percent deductions because all the reasons given by the committee for the deductions were wrong, adding that the tax percentage deducted by the committee was against Section 173, sub-section 4 of the Constitution of Nigeria, which states that pensioners in respect of service in the public service of the federation shall not be taxed.

He said the per cent deducted for contributory pension scheme was wrong because all his members are under the Defined Benefit old scheme and have nothing to do with Contributory Scheme.

“The Federal Housing Scheme, for which the committee deducted 2.5 per cent should not be because his members are no longer under the housing scheme. The deductions are illegal and I urge President Buhari to listen to our cries and pay both the outstanding 30 months and the 20.4 per cent deductions. We also want the President to intervene in the harmonisation of disparity existing in payments between serving and retired public officers.”

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Continue Reading
Comments

Government

92.6 Million Nigerians Enrolled For the National Identification Number – NIMC

The Federal Government through the Corporate Affairs Commission (CAC) has stated that NIN will be a compulsory requirement for business registration. 

Published

on

National-eID-card

The National Identity Management Commission (NIMC) has announced that 92.63 million Nigerians have enrolled for the National Identification Number as of November 2022.

This represents an increase of 1.9 million when compared to the 90.68 million recorded in October.

According to the recent data released by NIMC, more men have been captured than women. The data also revealed that men accounted for about 52.1 million people or 56 percent of the total people captured so far in the NIN database.

On the other hand, women represent 40.5 million or 44 percent of the total enrollment, Investors King learnt.

On a state-to-state basis,  Lagos State recorded the highest enrollment with about 10.3 million. This was followed by Kano State with more than 8 million people.

Other states with substantial enrollments include Kaduna with 5.4 million, Ogun with 3.8 million, Oyo with 3.6 million, FCT with 3.2 million, Katsina with 3.1 million, Rivers with 2.7 million, Delta with 2.4 million, and Bauchi with 2.4 million.

Meanwhile, Bayelsa is presently the state with the lowest enrollments.  A total of 583,323 have so far enrolled in the state. Ebonyi trailed Bayelsa with 744,869 and Ekiti’s record shows 971,712 enrollments. While Cross River, Taraba, Yobe, Enugu, Imo, Akwa Ibom and Zamfara followed with 1 million, 1.3 million, 1.3 million, 1.5 million, Imo 1.5 million, 1.5 million and 1.6 million, respectively.

In another development, the Federal Government through the Corporate Affairs Commission (CAC) has stated that NIN is now a compulsory requirement for business registration like it is with banks.

According to the Registrar of the Corporate Affairs Commission, Garba Abubakar, NIN was adopted because its security can’t be compromised, unlike the National Identity card, passport, and driver’s license, which could easily be cloned.

“If you don’t have a NIN, it means you can’t register your company. The essence is to verify the integrity of the data we are collecting,” Garba noted.

National Identification Number is the unique number created by the Nigerian government to identify Nigerians, curb crimes, deepen infrastructure in cities and generally access all citizens.

Continue Reading

Government

Governors Forum Replies FG, Blames Poverty on Rising Insecurity

The NGF accused the federal government of being unable to tame rising insecurity which has led to the high costs of food.

Published

on

Child Poverty - Investors King

The Nigerian Governors Forum (NGF)  has stated that governors could not be blamed for poverty in their respective states. The NGF accused the federal government of being unable to tame rising insecurity which has led to the high costs of food.

Investors King could recall that President Muhammadu Buhari earlier alleged that governors are pocketing funds meant for the development of the local governments. 

Similarly, the Minister of State for Budget and National Planning, Clement Agba, also stated that the 36 governors were responsible for the rising poverty index in the country,

According to the Governors Forum, the rising level of poverty among Nigerians was a consequence of the biting effect of insecurity on commercial and agricultural activities.

A statement released by NGF’s  Director of Media and Public Affairs, AbdulRazaque Bello-Barkindo said “It is important to put on record the progress made by state governors in the administration of their states, which have witnessed tremendous progress in recent times. Governors have undertaken projects where they, in conjunction with their people, deem them fit for purpose.

“This dereliction of duty from the centre is the main reason why people have been unable to engage in regular agrarian activity and commerce. Today, rural areas are insecure, markets are unsafe, travel surety is improbable and life for the common people generally is harsh and brutish.”

Barkindo further accused the minister of deviating from the major issues and passing blames when he and his colleague, the Minister of Finance, Budget and National Planning, Zainab Ahmed, should be implementing policies that can ameliorate the hardship Nigerians were facing. 

Barkindo in the statement added that the primary duty of any government is to ensure the security of lives and property, an area he claimed the Federal Government has failed. 

“But the Federal Government, which is responsible for the security of lives and property, has been unable to fulfil this covenant with the people, thus allowing bandits, insurgents, and kidnappers to turn the country into a killing field, maiming and abducting people, in schools market squares and even on their farmlands,” he said. 

Continue Reading

Government

President Buhari Accuses Governors of Stealing LG Funds

Published

on

Muhammadu Buhari

Nigerian President, Muhammadu Buhari has once again accused state governors of stealing monthly allocation due to local government under them.

The president spoke at a parley with members of the Senior Executive Course of the National Institute for Policy and Strategic Studies, Kuru, held at the State House Banquet Hall, Abuja.

Speaking at the event, the president stated that it beats anyone’s imagination how some governors collected money on behalf of council areas in their states, only to remit just half of such allocation to the council chairmen, who would further deplete the remittance by filching it. Investors King learnt. 

 ‘‘I found it necessary to digress after reading my speech and this digression is a result of my personal experience. What they did, this is my personal experience, if the money from the Federation Account to the state is about N100m, N50m will be sent to the chairman, but he will sign that he received N100m. The governor will pocket the balance and share it with whoever he wants to share it with,” the president narrated. 

‘‘This is what’s happening. This is Nigeria. It’s a terrible thing; you cannot say the person who was doing this is not educated. He was a qualified lawyer, he was experienced, yet he participated in this type of corruption.” he queried. 

Furthermore, the president clarified that state governors and local government chairmen should be held responsible for the underdevelopment in the rural areas noting that most of the local governments lack basic amenities. 

Similarly, the National Union of Local Government Employees on Thursday backed the position of the president on the embezzlement and mismanagement of local government funds.

Responding to Buhari’s position, the  President of the Nigeria Union of Local Government Employees (NULGE), Hakeem Ambali, said Buhari was merely stating the obvious.

The NULGE President nevertheless admonished the president to go beyond the statement and ensure governors, especially those in APC to sign the local government autonomy bill into law.  

“He should go beyond that statement. He is the leader of the party, he should ask them to sign the autonomy into law; he is the leader of the governors,’’ he said.

Continue Reading
Advertisement
Advertisement




Advertisement
Advertisement
Advertisement

Trending