The Federal Government of Nigeria has approved a monthly pension increment of N32,000 for those who retired under several key public service salary structures.
The government this follows the consequential adjustments to salaries in line with the new minimum wage law and amid the growing hardship in the country.
The pension raise is part of the implementation of the National Minimum Wage (Amendment) Act of 2024, which came into effect on July 29, 2024, following the President's approval.
The adjustments apply to various consolidated salary structures, including the Consolidated Public Service Salary Structure and the Consolidated Armed Forces Salary Structure, among others.
“Consolidated Medical Salary Structure, Consolidated Health Salary Structure, Consolidated Para-Military Salary Structure, Consolidated Police Salary Structure, Consolidated Intelligence Community Salary Structure, and Consolidated Armed Forces Salary Structure...
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