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Pencom Begs Ogun, Rivers, 24 Others to Adopt Contributory Pension Scheme

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By Adedapo Adesanya

The National Pension Commission (PenCom) has urged 26 states of the federation to implement the Contributory Pension Scheme (CPS) for a pension-secure Nigeria.

This is coming as the commission commended Lagos, FCT, Osun, Kaduna, Ekiti, Edo, Ondo, Delta, Benue, Anambra, and Jigawa for their exemplary implementation of the CPS as of December 2024.

According to the statement by the commission, these states have set the benchmark for sustainable pension administration by ensuring that retirees receive their entitlements promptly. They are consistently remitting both employer and employee pension contributions under the CPS, Jigawa State remits contributions under the Contributory Defined Benefits Scheme (CDBS).

The Pension Reform Act (PRA) 2014, in Section 2(1), stipulates that the CPS applies to all public sector employees across the Federal Capital Territory (FCT), states, local governments, and the private sector.

The statement said that state governments have the constitutional right to legislate pension matters within their jurisdictions in the 1999 Constitution of the Federal Republic of Nigeria (as amended).

The agency said state governments were required to domesticate the CPS by enacting appropriate pension laws within their states.

In August 2006, the National Council of States adopted the CPS for all states and local governments to support this adoption, PenCom developed a Model State Pension Law, enabling state governments to modify it according to their unique needs.

According to the statement, PenCom reviews draft state pension laws and guides states throughout the implementation process.

The commission said that many states were yet to implement the CPS.

“For a state to implement the CPS in full, the state is required to enact a law on CPS, establish a Pension Bureau, register its employees with Pension Fund Administrators (PFAs) and commence remittance of pension contributions.

“The state is also required to carry out actuarial valuation, commence funding of accrued pension rights, procure group life insurance for its employees, and open and fund a retirement benefits bond redemption fund account with the Central Bank of Nigeria (CBN) or PFA,” the statement said.

The commission said that some states had enacted laws to adopt the CPS but have not yet made significant strides towards implementation.

The states include Abia, Adamawa, Bauchi, Bayelsa, Ebonyi, Enugu, Gombe, Imo, Kano, Katsina, Kebbi, Kogi, Nasarawa, Niger, Ogun, Oyo, Rivers, Sokoto, Taraba, and Zamfara.

PenCom urges these states to accelerate their efforts toward full implementation of the CPS by timely remittance of both employer and employee pension contributions.

The statement said that by taking decisive action, these states can align with the pacesetters in ensuring a secure and sustainable retirement scheme for their workforce.

According to the statement, PenCom observes that Akwa Ibom, Borno, Kwara, Plateau, Cross River, and Yobe are yet to commence the implementation of the CPS.

“PenCom strongly encourages these states to expedite the enactment of their CPS laws and take immediate steps toward full implementation to ensure a secure and sustainable pension system for their workforce.”

It added that the transition from the Defined Benefits Scheme (DBS) to the CPS at the state and local government levels is both a significant and inevitable step.

The scheme was designed to ensure that all retirees receive their benefits in a timely manner, providing a sustainable and secure retirement for all public sector employees.

The commission said that the CPS offers a long-term solution to the pension liabilities that many states currently face.

PenCom warned that failure to adopt the CPS would worsen pension debts, creating financial burdens for future administrations.

“By failing to address pension arrears, states are inadvertently creating a financial burden for future generations, as these liabilities will continue to grow.

“Adopting the CPS now will help states avoid these escalating costs and provide a more secure financial future for both retirees and taxpayers,” it added.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Egbin Power Wins Electricity Generation Company of the Year Award

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Electricity Generation Company of the Year Award

By Modupe Gbadeyanka

For its unwavering commitment to operational excellence and resilience in the face of industry-wide challenges, a leading publication in the energy, oil and gas sector, Energy Times, has named Egbin Power Plc the winner of the Electricity Generation Company of the Year award.

The largest privately-owned thermal power generation company in Nigeria thanked the organisers for the honour, noting that recognition in Nigeria’s power industry is earned through consistent performance rather than visibility.

The energy firm emphasised that despite persistent structural constraints within the sector, its responsibility remains clear in delivering reliable megawatts to the national grid.

The Energy Times Awards took place recently in Ikeja, Lagos, with key stakeholders across the energy value chain in attendance to celebrate excellence and innovation within the industry.

Energy Times, in its citation, commended Egbin Power for its notable improvements in average hourly power generation in 2025, achieved despite industry-wide challenges.

It noted that the organisation sustained commendable output through enhanced operational efficiency, proactive asset management, and a firm commitment to national grid stability, further cementing its strategic importance in Nigeria’s power sector.

While receiving the accolade, Egbin Power said it has made “a deliberate choice to be reliable, disciplined, and performance-driven.”

“This recognition reflects the resilience of our people, the strength of our operations, and our unwavering commitment to powering Nigeria sustainably,” the company said in a statement.

It further highlighted that the award is rooted in measurable outcomes, while acknowledging that much work remains to be done in strengthening the sector.

Egbin Power also reiterated that sustainable power extends beyond generation, stressing the need for an efficient end-to-end electricity value chain where every megawatt generated translates into value delivered and revenue recovered, affirming its commitment to leading industry conversations and setting performance benchmarks through example.

Speaking on the recognition, the chief executive of Egbin Power Plc, Mr Mokhtar Bounour, dedicated the award to the company’s workforce.

“All the credit for this recognition goes to the team, whose dedication, discipline, and determination continue to translate into outstanding results,” he said.

He also acknowledged the board’s unwavering support, noting that strong alignment between governance and management has been critical in consistently raising performance standards.

Mr Bounour further highlighted the role of Sahara Group in driving innovation and sustainability across the business. According to him, the organisation remains focused on creating value for its stakeholders while contributing meaningfully to national development.

“We are not just generating power, we are powering the future. Technology will remain at the heart of this transformation, while sustainability and affordability are not ambitions, they are our standard,” he added.

Sahara Group Foundation, the CSR arm of Sahara Group (Egbin Power’s parent company), was also named the Social Impact Company of the Year for its significant contributions to sustainable development and socio-economic progress in Nigeria’s oil and gas sector and across Africa.

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MTN Extends Application Deadline for Media Innovation Programme to April 25

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By Aduragbemi Omiyale

The deadline for submission of entries for the 2026 MTN Media Innovation Programme (MIP) has been extended to Saturday, April 25.

A statement from the organisers disclosed that applications remain open via the School of Media and Communication website: mtnmip.smc.edu.ng.

The programme is open to media practitioners and digital content creators working across print, electronic, digital, and social media. Applicants are expected to demonstrate a strong commitment to innovation, impactful storytelling, and continuous professional development.

The extension provides additional opportunity for qualified media professionals and digital content creators across Nigeria to apply for the highly competitive, fully funded programme, which continues to shape the future of storytelling and media innovation in Africa.

Shortlisted candidates will undergo a rigorous selection process, with successful applicants commencing the programme in May 2026.

The programme will admit an expanded group of 25 fellows, up from 20 in previous editions. This increase reflects MTN Nigeria’s 25-year milestone and reinforces its sustained commitment to strengthening Nigeria’s media ecosystem.

As MTN Nigeria marks 25 years of connecting people, the Media Innovation Programme represents a parallel investment in the storytellers shaping how that connection is understood, experienced, and amplified across society. It underscores a deliberate effort to support a vibrant, independent, and forward-looking media industry evolving alongside the digital economy.

Launched in 2022 in partnership with the School of Media and Communication, Pan-Atlantic University (PAU), the six-month certificate programme has grown into one of Africa’s most impactful media capacity-building platforms. It equips participants with the knowledge, tools, and networks required to lead and innovate within a rapidly changing media and technology landscape.

The programme features academic sessions at PAU, complemented by industry engagements and an international study visit. The international component in South Africa includes sessions at the University of Johannesburg, alongside engagements with leaders across media, business, and policy.

Since its inception, the programme has built a strong alumni network across Nigeria’s media industry, with participants going on to occupy key roles, launch new platforms, and contribute meaningfully to public discourse.

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Senate Directs Service Chiefs to Probe Military Attacks in Borno

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Olufemi Oluyede and service chiefs

By Adedapo Adesanya

The Senate has directed the Chief of Defence Staff (CDS), General Olufemi Oluyede, and other service chiefs to carry out a comprehensive operational and logistical audit following recent attacks on military formations in Benisheikh and Monguno, Borno State.

The resolution, passed during plenary on Wednesday, mandates an in-depth review of the circumstances surrounding the assaults, including an assessment of equipment adequacy and adherence to rules of engagement.

The lawmakers also called on the Armed Forces to address any gaps identified in the course of the audit.

The Senate also urged the military to investigate allegations of civilian harm during operations, with a view to ensuring accountability and preventing future occurrences.

These decisions followed a motion raised by Mr Tahir Monguno, a Senator representing Borno North, on the urgent need to curb attacks on military formations by Boko Haram insurgents.

Presenting the motion, the lawmaker expressed deep concern over recent incidents that resulted in the deaths of several personnel, including Brigadier General Oseni Braimoh, Colonel Mohammed Isya, Captain A.M. Esmat, Lieutenant Kelvin Festus, and 13 other soldiers.

Mr Monguno noted that repeated attacks on Monguno, described as a strategic garrison town, and Benisheikh, a key location along the Damaturu–Maiduguri highway, indicate a deliberate effort by insurgents to weaken military operations and disrupt vital humanitarian and commercial routes.

Lawmakers acknowledged the sacrifices of the Nigerian Armed Forces in the ongoing counter-insurgency campaign, highlighting the loss of personnel in the latest attacks.

They warned that the resurgence of violence against both military installations and civilian communities threatens national security, food systems, and ongoing efforts to resettle internally displaced persons in Borno State.

The Senate underscored the importance of protecting civilians, noting that it remains a fundamental obligation under both national and international humanitarian law and is critical to maintaining public trust.

As part of its resolutions, the chamber condemned the continued attacks by Boko Haram and observed a minute of silence in honour of fallen military personnel and affected civilians.

It also urged the Armed Forces to strengthen compliance with rules of engagement and international humanitarian law, including enhanced training on civilian protection.

Other lawmakers like Mr Abdul Ningi called for the suspension of political activities in Benue, Niger, and Sokoto, among other North East states, until the security situation improves.

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