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NUP Demands N40,000 Minimum Pension

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  • NUP Demands N40,000 Minimum Pension

As the tripartite committee on National Minimum Wage holds public hearing across the six geo-political zones of the country, the Nigeria Union of Pensioners (NUP) has demanded N40,000 monthly minimum pension for pensioners.

The NUP made its demand also as the Federal Capital Territory (FCT) called for the removal of salary disparity between civil servants in the core government ministries and their counterparts in government agencies and parastatals.

In a memorandum presented to the National Minimum Wage Committee, at the public hearing held in Abuja, the NUP Deputy National President, Alhaji Musa Aliyu, said the agitation for minimum pension alongside minimum wage has been going on since the inception of the union in 1978.

This, according to him, was to correct the ugly situation whereby some pensioners, particularly at state level, earn as low as N2, 000 monthly.

He pointed out that there has never been any genuine attempt by the government to determine a for pensioners.

In his presentation, the FCT Minister, who was represented by the Director, Human Resource Management, Hajia Amina Abubakar, said: “There is the need for the committee to consider recommending the implementation of a salary structure relativity among all Federal Government establishment”

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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