Many Nigerian retirees are expressing frustration over delays in receiving their September pension payments, despite already being in October. Pensioners have raised concerns about the lack of communication from the Pension Transitional Arrangement Directorate (PTAD) regarding the reasons behind the holdup, which is reportedly linked to delayed fund transfers from the Central Bank of Nigeria (CBN).
The prolonged delays have left retirees financially strained, with no public awareness or updates provided to inform beneficiaries about the status of their payments. Analysts warn that such gaps in communication not only erode confidence in the pension system but also compromise retirees’ ability to plan their monthly finances.
PTAD, responsible for administering pensions under the current transitional arrangement, has yet to provide clarity on when the pending payments will be credited. Stakeholders are calling for greater transparency and timely updates to ensure pensioners are adequately informed and protected, emphasizing that accountability and communication are just as crucial as fund disbursement in sustaining trust in the system.
As retirees await their delayed payments, the situation underscores the urgent need for a reliable and transparent pension administration framework that keeps beneficiaries consistently informed.
