Business
PenCom Pushes States to Fully Implement Contributory Pension Scheme
From left: Head of the Civil Service of the Federation, Didi Esther Walson-Jack and Director General of PenCom, Omolola Oloworaran, during the event.
BY NKECHI NAECHE-ESEZOBOR—National Pension Commission (PenCom) has intensified efforts to drive the nationwide implementation of the Contributory Pension Scheme (CPS) with the hosting of the maiden edition of its Bi-Annual Consultative Session for Heads of Service of states yet to fully adopt or implement the scheme.
The consultative session brought together key stakeholders to discuss strategies for strengthening pension reform implementation at the sub-national level and addressing challenges hindering full adoption across various states.
Speaking at the event, the Director General of PenCom, Omolola Oloworaran, stated that although 26 states have enacted pension reform laws, only seven states alongside the Federal Capital Territory (FCT) are currently fully implementing the Contributory Pension Scheme.
She emphasized the need for stronger commitment by state governments to ensure workers enjoy sustainable and secure retirement benefits under the CPS framework.
The event also featured the Head of the Civil Service of the Federation, Didi Esther Walson-Jack, as a special guest, underscoring the importance of collaboration between federal and state institutions in deepening pension reforms nationwide.
According to PenCom, the session served as a platform for meaningful engagement, knowledge sharing and collaboration among stakeholders, while also providing practical guidance and support to states yet to fully implement the scheme.
Discussions during the meeting focused on the benefits of pension reforms, operational challenges affecting implementation, and measures required to accelerate compliance at the state level.
The initiative forms part of PenCom’s broader commitment to promoting a sustainable pension system and expanding the reach of pension reforms across Nigeria.
The post PenCom Pushes States to Fully Implement Contributory Pension Scheme appeared first on Business Today NG.
BY IUR REPORTER—The Federal Government has approved the disbursement of ₦32.8 billion through the Basic Healthcare Provision Fund (BHCPF) implementing gateways as part of efforts to strengthen healthcare delivery and expand access to quality primary healthcare services across Nigeria.
The funding is expected to consolidate recent gains in population health outcomes and disease control while ensuring that more Nigerians, regardless of their location or socio-economic status, have access to essential healthcare services.
The approval was one of the key resolutions reached at the 15th Ministerial Oversight Committee (MOC) meeting on the National Health Sector Renewal Investment Initiative, the Basic Healthcare Provision Fund, the Sector-Wide Approach (SWAp), and Government and Donor-Funded Programmes and Initiatives.
The meeting was co-chaired by the Coordinating Minister of Health and Social Welfare, Professor Muhammad Ali Pate, and the Minister of State for Health and Social Welfare, Dr. Iziaq Adekunle Salako.
During the meeting, the committee reviewed key performance indicators, financial reports, programme implementation milestones, and emerging priorities requiring policy attention. Members also identified strategic measures to address implementation bottlenecks and agreed on timelines for delivering priority interventions ahead of the next quarterly review.
The committee reaffirmed its commitment to strengthening collaboration among government institutions and development partners to reinforce Nigeria’s health system and accelerate the delivery of impactful healthcare interventions nationwide.
The latest funding injection underscores the Federal Government’s continued efforts to improve healthcare financing, increase access to quality primary healthcare services, and build a more resilient health system capable of meeting the needs of Nigerians.
The post FG Injects ₦32.8bn into Basic Healthcare Fund appeared first on Business Today NG.
The Nigerian Civil Aviation Authority (NCAA) has imposed a ₦6 million fine on Saudi Airlines for what it described as consumer-protection-related violations.
Michael Achimugu, Director of Public Affairs and Consumer Protection at the NCAA, disclosed this on Friday.
Mr Achimugu stated that the sanction became necessary after the airline failed to resolve several outstanding consumer issues, despite repeated interventions by the regulator and an extended period granted for compliance.
According to him, the NCAA had previously stepped in to support the airline in managing a situation at the Nnamdi Azikiwe International Airport in Abuja a few months ago that could have escalated into violence.
He noted that the authority had also given Saudi Airlines additional time to address pending complaints and comply with the regulator’s determinations, but the airline failed to meet its obligations.
“The Nigeria Civil Aviation Authority has sanctioned Saudi Airlines to the tune of ₦6 million for consumer protection-related infractions,” Mr Achimugu said.
He explained that the enforcement action was taken to ensure compliance with Part 19 of the Nigeria Civil Aviation Regulations (Nig. CARs) 2023, which outlines the rights of air passengers and the responsibilities of airlines operating in the country.
The NCAA expressed hope that the sanction would encourage the airline to improve its operations in Nigeria and strengthen its commitment to passenger welfare.
Mr Achimugu emphasised that passengers travelling to and from Nigeria deserve to be treated fairly and with respect by all airlines operating in the country.
READ ALSO: NCAA Championships: Ogazi shatters records, Ajayi strikes gold as Nigerians shine in Eugene
He added that while the authority would continue to support Saudi Airlines and other carriers to operate efficiently, it would not hesitate to enforce regulatory standards where necessary to protect consumers.
Saudi Airlines had yet to respond to the NCAA’s sanctions as of the time of filing this report.
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