SENATE APPROVES ₦403.1BN POLICE TRUST FUND BUDGETS FOR 2025, 2026.(PHOTO).

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 SENATE APPROVES ₦403.1BN POLICE TRUST FUND BUDGETS FOR 2025, 2026 The Senate has approved a total of ₦403.1 billion for the Nigeria Police Trust Fund for the 2025 and 2026 fiscal years, to strengthen policing and tackle terrorism, kidnapping, and other security threats. The approved funding includes ₦170.1 billion for 2025 and ₦233 billion for 2026, covering personnel costs, capital projects, and overhead expenses aimed at improving the operational capacity of the Nigeria Police Force. Lawmakers say the funds will support the provision of critical equipment, infrastructure, training, and other resources needed to enhance security across the country. Meanwhile, President Bola Tinubu has sent a bill to the Senate seeking to repeal and reenact the Administration of Criminal Justice Act.  The proposed legislation aims to speed up the delivery of justice, promote the use of technology in criminal proceedings, and establish a Criminal Justice Monitoring Council to oversee implement...

RELIEF FOR RETIREES AS OGUN APPROVES ADDITIONAL PENSION BENEFIT. (PHOTOS). #PRESS RELEASE.


 Relief for Retirees as Ogun Approves Additional Pension Benefit


The Ogun State Government has approved an Additional Pension Benefit (APB) for retirees under the Contributory Pension Scheme, reaffirming its commitment to the welfare, dignity and retirement security of public servants. The decision followed strategic engagements involving labour unions, Pension Fund Administrators and pension managers, and was chaired by the Commissioner for Finance and Chief Economic Adviser, Hon. Dapo Okubadejo.


Approved by Governor Dapo Abiodun, the APB is designed to bridge identified gaps in the CPS and serve as a one-off retirement benefit, similar in spirit to gratuity under the old Defined Benefit Scheme. The initiative will run for ten years as a compensatory measure for retirees affected by delayed remittance of pension contributions by previous administrations and is scheduled to take effect from July 2025, subject to regulatory approvals.


Labour unions, including the Nigeria Labour Congress and the Trade Union Congress of Nigeria, described the reform as bold, innovative and worker-friendly, noting that it directly addresses long-standing concerns over pension adequacy. They pledged full support for the initiative, which they said reflects the administration’s strong commitment to workers’ welfare, confidence in public service and long-term financial security in Ogun State.

More photos below. 



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