The Federal Government has cleared all inherited pension liabilities dating back to 2007 through a “N758bn intervention bond”, providing long-awaited financial relief to 957,045 beneficiaries across the country.
The milestone achievement was announced by the Director General of the National Pension Commission, Ms Omolola Oloworaran, during her keynote address titled ‘From Reform to Reality: Renewed Hope, Pension Security for All Nigerians’ at the 2026 PenCom Media Conference in Lagos on Tuesday.
Addressing members of the press, industry leaders, and media practitioners, Oloworaran emphasised that the payout marks a decisive end to decades of delayed benefits passed down across multiple political administrations.
She said, “The Federal Government cleared all inherited pension liabilities, some dating back to 2007. These obligations passed through multiple administrations, but this government chose to settle them. That is statesmanship—a debt paid, not just a promise.