Nigeria’s Finance Minister, Kemi Adeosun, and her Budget and National Planning counterpart, Udo Udoma, are to brief the House of Representatives next Thursday on efforts made to redeem the backlog of pension arrears running into several billions of naira.
The resolution was on the strength of a motion sponsored by six legislators led by Representative Hassan Shekarau from Kaduna state.
The lawmakers argued that the accumulated Contributory Pension Scheme, CPS, and the Defined Benefit Scheme, DBS, of more than four hundred billion naira is not only worrisome but has become an embarrassment.
After several contributions, the House resolved to summon the two Ministers to intimate it on steps being taken to save the country’s senior citizens from untold hardship and untimely deaths.
