Connect with us

Business & Economy

CPUON Cries out  to FG, calls for Review of PENCON Act ….Seeks upward review of their pension ….As retirees die of hunger, harsh economic situation 

Published

on

Disturbed by the prolonged neglect of retirees of the public sector, and the paltry amount being paid to Pensioners as pension, the Contributory Pensioners Union of Nigeria has pleaded with the Federal government to as a matter urgency review the PENCON Act.

National Assembly

In this exclusive interview with the Publisher of Daily Echoes Media, Ignatius Okorocha, National Secretary of Contributory Pensioners Union of Nigeria (CPUON), Comrade Eugene Emezue disclosed that the Federal government has not reviewed the PENCON  Act. According to the National Secretary the delay in amending the PENCON Act has resulted in Pensioners being neglected to the extent that their pension and not paid as and when due and even when it is paid, it is nothing to write home about in view of the hard economic situation in the country.
“First and foremost,the National Pension Commission otherwise known as PENCON is duly commissioned by the Federal government to be the regulator of all Contributory pension scheme in Nigeria of the Treasury funded at Federal, State and local government levels in this country.
“For almost 20 years now (2004) when most of the Civil Servants were assumed to have retired but for those who could migrate from the defined benefit scheme, migrated from the Contributory Pension Scheme in 2007 and from 2007 to date, government has not deemed it fit to review the Contributory Pension Scheme for retirees.
“That is the problem we are having. For that problem to be solved, the Federal government of Nigeria should listen to the National Pension of Nigeria. Whatever policy they have done, the Act stipulates according to section 173 and section 3 of 1999 constitution as amended,empowered the government and all Pensioners for their pension to be reviewed every five years or whenever there is an increase in salaries and wages of active workers.
“As pensioners today, we were formally active workers and according to section 91 of the Labour Act. It states that there two  contract agreement worker:
1. Active worker.When one works for 35 years or sixty years before retirement and after retirement he or she remains an employee of a federal government because he has the contractual passion of it which says that she of her will be receiving pension until death do her/she part.
 “Therefore in view of this, every CPS retiree who is alive must continue to receive pension until he or she dies,” he said.
He further noted that,”It is the responsibility of the employer either in private or public sector and those of us in public sector. So, the federal government of Nigeria owns all workers under CPS their pension review just as the defined benefits scheme are receiving their pension and it is being reviewed by the Federal government.
 He wondered why the Federal government should not review the pension of Contributory Pensioners even when there is salary review of workers at  both federal and state governments levels.
On when the last pension was paid Pensioners he said,” from all indications as of December 2024, people who retired as at February 2023 were not paid their pension almost two years since they retired. It was just by December that the PENCON managed to pay  about three to four months arrears ( that February, March and April) from my own record  PENCON has not paid any Pensioners his or her pension beyond May 2023.”
On the effect of this delay in  payment of pension to retirees, Mr Emezue said,” there has been records of Pensioners dying of sicknesses and starvation looking at the
 present economic situation in the country. Most of these retirees have their children  still in schools and some of them have lost their accommodations because they were unable  to pay their rents.”
He pleaded with the leadership of the House of Representatives and Senate committees to review PENCON Act for the larger interest of retirees welfare while calling for an upward review of their  pension  take home package in the light of the current hard economic situation in the country.

Business & Economy

EU,Abia State launch Solar- Health Project (NISHP)to strengthen the health care delivery system

Published

on

By

Deputy Governor of the State Engr Ikechukwu Emetu and other officials

By Tricia Michaels

The European Union (EU)in collaboration with the Abia State Government has launched a N4.840,700,800billion solar power project aimed at 24/7 electrifying of over 25 Primary health centers and businesses across approximately 25 Primary Healthcare Centres (PHCs) across 17 local government areas.

This initiative, supported by the European Union (EU), aims to improve healthcare services, particularly in rural areas, by ensuring a reliable power supply for diagnostic equipment, vaccine storage, and medication preservation.

Governor Alex C. Otti said on Tuesday during the launch at the Deputy Government office,Government house in Umuahia that his administration is committed to strengthening healthcare infrastructure , further boosting local economic activities of the State.

The Governor ,who was represented by the Deputy Governor of the State Engr Ikechukwu Emetu
stated that this initiative will not only transform the health care system in the State but will bring life to the communities.

He noted that the move will support more economic development in surrounding locations and equally accumulate an overall improvement in the living conditions of the people.

“I would like to specially appreciate our partners from the European Union (EU) for choosing Abia as one of the few states to participate in this round of the project.

” This is a great honour, and we do not take it lightly.

” On behalf of the Government of Abia State, I would like to convey the collective gratitude of our people to the leadership of the EU in Brussels for bringing this excellent initiative to our State.

“I would also like to thank the implementing partners, NTU International, for their hard work and commitment to the long term success of this project.

Mr Tinyan Ogiehor, the Senior Stakeholder, Engagement Manager of NISHP, noted that NISHP was funded by EU in collaboration with the Abia State Government to particularly improve health outcomes in the state.

“This initiative, supported by the European Union (EU), aims to improve healthcare services, particularly in rural areas, by ensuring a reliable power supply for diagnostic equipment, vaccine storage, and medication preservation.

The project focuses on equipping 25 PHCs across the state’s 17 LGAs with solar power.

The European Union is supporting the NISHP, which underscores their commitment to renewable energy and healthcare.

“The Abia State government is also contributing 30% counterpart funding to the project.

“The initiative aims to enhance diagnostic equipment operation, vaccine storage, and medicine preservation, leading to better healthcare delivery, especially in rural areas, and support growth of local SMEs around these health facilities.

“The solar power project is expected to benefit 50 plus small businesses operating within the facilities, further boosting local economic activities.
Commitment to PHC

According to him,
a ten-member Steering Committee, chaired by the Commissioner for Power Abia State, is overseeing the project’s implementation.

Continue Reading

Business & Economy

EU,Abia state launch N4.8bn Solar for Health Project (NISHP)to strengthen health care delivery system in rural areas

Published

on

By

Deputy Governor of Abia State, Engr Ikechukwu Emetu flanked by other govt functionaries

By Tricia Michaels

The European Union (EU)in collaboration with the Abia State Government has launched a N4.840,700,800billion solar power project aimed at 24/7 electrifying of over 25 Primary health centers and businesses across approximately 25 Primary Healthcare Centres (PHCs) across 17 local government areas.

This initiative, supported by the European Union (EU), aims to improve healthcare services, particularly in rural areas, by ensuring a reliable power supply for diagnostic equipment, vaccine storage, and medication preservation.

Governor Alex C. Otti said on Tuesday during the launch at the Deputy Government office,Government house in Umuahia that his administration is committed to strengthening healthcare infrastructure , further boosting local economic activities of the State.

The Governor ,who was represented by the Deputy Governor of the State Engr Ikechukwu Emetu stated that this initiative will not only transform the health care system in the State but will bring life to the communities.

He noted that the move will support more economic development in surrounding locations and equally accumulate an overall improvement in the living conditions of the people.

“I would like to specially appreciate our partners from the European Union (EU) for choosing Abia as one of the few states to participate in this round of the project.

” This is a great honour, and we do not take it lightly.

” On behalf of the Government of Abia State, I would like to convey the collective gratitude of our people to the leadership of the EU in Brussels for bringing this excellent initiative to our State.

“I would also like to thank the implementing partners, NTU International, for their hard work and commitment to the long term success of this project.

Mr Tinyan Ogiehor, the Senior Stakeholder, Engagement Manager of NISHP, noted that NISHP was funded by EU in collaboration with the Abia State Government to particularly improve health outcomes in the state.

“This initiative, supported by the European Union (EU), aims to improve healthcare services, particularly in rural areas, by ensuring a reliable power supply for diagnostic equipment, vaccine storage, and medication preservation.

The project focuses on equipping 25 PHCs across the state’s 17 LGAs with solar power.

The European Union is supporting the NISHP, which underscores their commitment to renewable energy and healthcare.

“The Abia State government is also contributing 30% counterpart funding to the project.

“The initiative aims to enhance diagnostic equipment operation, vaccine storage, and medicine preservation, leading to better healthcare delivery, especially in rural areas, and support growth of local SMEs around these health facilities.

“The solar power project is expected to benefit 50 plus small businesses operating within the facilities, further boosting local economic activities.
Commitment to PHC

According to him,
a ten-member Steering Committee, chaired by the Commissioner for Power Abia State, is overseeing the project’s implementation.

Continue Reading

Business & Economy

FG,States, LGs Share N1.68 Trillion from April’s N2.85 Trillion Revenue

Published

on

By

Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun

By Our Reporter

In a bid to extend the resouces of this county to the grassroot,the Federal government has shared this nation’s revenue among the three tiers of government.

The Federation Account Allocation Committee (FAAC) has shared a total sum of N1.681 trillion to the Federal Government, States, and Local Government Councils as revenue allocation for April 2025.

Director of Information and Public Relations, Mohammed Manga, in a statement, indicated that the figure was drawn from a gross total of N2.848 trillion, marking one of the highest distributions in recent times.

The meeting, chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun saw allocations made from statutory revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), and Exchange Difference.

Highlights of the Distribution indicated that the Federal Government received N565.307b while states shared N556.741b and Local Government Councils received N406.627 billion

Oil Producing States received N152.553b as 13% Derivation

In addition to these, the statement indicated that N101.051tr was earmarked for the cost of collection, while N1.066tr was set aside for transfers, interventions, and refunds
According to the statement, revenue from Value Added Tax (VAT) stood at N642.265 billion, indicating an increase of N4.647 billion from the previous month.
After deductions for collection costs and transfers, N598.077 billion was shared with the federal government receiving N89.712b, states: N299.039 billion, Local Governments: N209.327 billion

Gross statutory revenue climbed to N2.084 trillion, up by N365.595 billion from the previous month. After necessary deductions, N962.882 billion was shared among the three tiers of government, with the federal government getting N431.307 billion, states receiving N218.765 billion, Local Governments receiving N168.659b and Derivation (13%): N144.151b

Additional Revenue Streams from Electronic Money Transfer Levy (EMTL) of N40.481b out of which a total of N38.862b was shared with Federal getting N5.829b, States: N19.431b and LGs: N13.602b

From Exchange Difference of N81.407 b was shared with Federal receiving N38.459b, States: N19.507b, LGs: N15.039b and Derivation: N8.402b

On the Performance of revenues, FAAC reported significant increases in Petroleum Profit Tax (PPT), Oil and Gas Royalties, VAT, EMTL, Excise Duty, Import Duty, and CET Levies, while Company Income Tax (CIT) saw a decline.

The total sum shared for April 2025 stood at N1.681tr, made up of
Statutory Revenue: N962.882b, VAT: N598.077b, EMTL: N38.862b and Exchange Difference: N81.407b

Speaking at the meeting, Minister Wale Edun stressed the importance of boosting domestic revenue mobilisation as the cornerstone of Nigeria’s long-term strategy for sustainable economic growth and development.
He also commended FAAC members for their dedication and professionalism.

Continue Reading

Latest

Uncategorized3 minutes ago

FCT budget:Wike seeks national support to address security 

By Our Reporter The Minister of the Federal Capital Territory (FCT), Barr Nyesom Wike, has sounded the alarm about the...

Uncategorized26 minutes ago

NPF Condemns Unprovoked Attack on IRT Operatives in Edo State.       ‎*As IGP Orders Investigation into Oyo Tragic Traffic Incident

By Our Reporter ‎ ‎The Nigeria Police Force has condemned the unprovoked attack on police operatives in the early hours...

Editorial1 hour ago

Senate vows to criminalise use of chemicals to ripen fruits *urges NAFDAC, Agric Ministry to investigate chemical ripening of fruits 

  By George Mgbeleke Alarmed at the damage caused by chemicalized fruits in the health of the citizenry,Senate on Wednesday...

General News19 hours ago

Otuaro lauds Tinubu As PAP Presents Laptops To 663 Scholarship Beneficiaries

  By David Owei,Bayelsa The Presidential Amnesty Programme (PAP) has concluded the distribution of laptops to final year beneficiaries of...

Religion20 hours ago

Hajj: NAHCON airlifts 79% of Nigerian pilgrims to Saudi Arabia

By Abdul-Ganiyy Akanbi National Hajj Commission of Nigeria, NAHCON, has successful airlifted 32,549 pilgrims, representing 79.1% of the total intending...

General News20 hours ago

JAMB allows Candidates who missed exam to retake …As JAMB Boss breaks silence on UTME glitches

By Our Reporter In a bid to pacify the anger of most Nigerians on the poor performance of  students 2ho...

Oil & Gas1 day ago

NNPCL, NAPIMS External Auditors tackle Senate Committee over appearance

By George Mgbeleke External Auditors to the Nigeria National Petroleum Company Limited ( NNPCL) and National Petroleum Investment Management Services...

Politics1 day ago

PDP not disintegrating-Senate Caucus  …..Says party not contemplating coalition for now

By George Mgbeleke Contrary to insinuations in some quarters that the Peoples Democratic Party (PDP) is in shreds and  verge...

Editorial1 day ago

FCT Councils Polls: APC pegs  Chairmanship slot forms at N20million, councillors to pay N2.5m each 

By Our Reporter Ahead of the February 2026 Federal Capital Territory (FCT) Area Councils election draw close,  the ruling All...

Uncategorized2 days ago

Journalists tasks to share information as stakeholders in peace mmaking 

  By Naseer Uthman-Baba,Minna Media practitioners in Niger State have been called upon to always ensure that they share accurate...

Trending