"Despite the economic odds, the moment the circular was released, the President through the Pension Transitional Arrangement Directorate (PTAD) commenced payment to pensioners nationwide by the initial release of 12 months in June, and another payment of six months in July, leaving the balance of six months pending. Nike Popoola. Found insideThis book examines public oath taking as an anti-corruption strategy that has been implemented with successful results in Nigeria and that has applications for other countries struggling with similar problems. PTAD Clears African Alliance of Indebtedness to Legacy Funds, Commends the Firm’s Leadership. In a bid to clear all pension arrears and resolve all complaints of short payments and outstanding gratuities for the Civil Service Pensioners and their Next of Kin (NoK), the PTAD has . ... I have taken my time to read this book, Maeze: Returning from America". I'm pleased to encourage everyone to read this inspiring book, both students and people living outside their home country. The Pension Transitional Arrangement Directorate (PTAD) has paid an additional 9 months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to Civil Service Pension Department Pensioners and six months of the same arrears to Parastatals, Police, Customs, Immigration and Prisons Department Pensioners. Found insideNot least of these is the spiritual leader Mata Nimito, who retraces his people’s ancient migration on his quest to preserve the soul of the Menai and resolve the consequences of a centuries-old betrayal. A statement by the […] Your email address will not be published. The Pension Transitional Arrangement Directorate (PTAD) has paid an additional nine months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to the Defined Benefit Scheme (DBS) pensioners.. Mr Gbenga Ajayi, the PTAD's Head of Corporate Communications, stated this in a statement issued on behalf of Dr Chioma Ejikeme, the Executive Secretary of PTAD, in . Chuks Udo Okonta. Earlier this year, Chioma Ejikeme, the Executive Secretary, Pension Transitional Arrangement Directorate (PTAD), disclosed during a press briefing in Abuja. The Pension Transitional Arrangement Directorate (PTAD) has embarked on paying N6.2bn to 16,210 pensioners in an expanded re-validation and re-computation exercise in a bid to clear all pension arrears, resolve all complaints of short payments and outstanding gratuities for the Civil Service Pensioners and their Next of Kin (NoK). This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. The Pension Transitional Arrangement Directorate ( PTAD) has paid an additional 9 months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to Civil Service Pension Department Pensioners and six months of the same arrears to Parastatals, Police, Customs, Immigration and Prisons Department Pensioners. Mr Lasis Busari, one of […] The agency said, "This brings the arrears paid so far to a total of 18 out of the 24 months arrears of the pension increment," The Executive Secretary, PTAD, Chioma Ejikeme, explained that the payments were occasioned by the new minimum wage increase of 2019. The Department for Work and Pensions . The Pension Transitional Arrangement Directorate (PTAD) has paid an additional nine months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to the Defined Benefit Scheme (DBS) pensioners. Required fields are marked *. The Pension Transitional Arrangement Directorate (PTAD) has paid an additional nine months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to the Defined Benefit Scheme (DBS) pensioners. PTAD Issues AIICO Certificate of Non-Indebtedness, PaPD Mop-Up verification Exercise in the South-South, PTAD Commences Payment of the Consequential Pension Increment, No DBS Pensioners will be Left Out of the Consequential Adjustment. Save my name, email, and website in this browser for the next time I comment. PTAD pays N954m to police pensioners as gratuity, pension arrears. Executive Secretary’s Speech at the Press Conference on the Consequential Adjustment to Pension Benefits Arising From the Implementation of the New Minimum Wage on 30th April, 2021. The Pension Transitional Arrangement Directorate (PTAD) in Nigeria says it has been able to review, compute, re-compute and pay N6.2bn to 16,210 pensioners. PTAD said the backlog of the 33 per cent pension arrears had been owed since 2010, adding that it was a fall out of the upward review of the minimum wage to N18,000. Dr. Chioma Ejikeme. 'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); 22 Katsina-Ala Crescent, The Pension Transitional Arrangement Directorate ( PTAD) has paid an additional nine months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to Civil Service Pension Department Pensioners and six months of the same arrears to Parastatals, Police, Customs, Immigration and Prisons Department Pensioners bringing the arrears paid so far to a total of 18 out . A look at the career of Vo Nguyen Giap, based on interviews with the Vietnamese general, reveals how an army so poor in material resources accomplished so much militarily, discussing Giap's early days as a resistance fighter and more. Mr Gbenga Ajayi, the PTAD's Head of Corporate Communications, stated this in a statement issued on behalf of Dr Chioma Ejikeme, the Executive… The Pension Transitional Arrangement Directorate (PTAD) has paid an additional 9 months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to Civil Service Pension Department Pensioners and six months of the same arrears to Parastatals, Police, Customs, Immigration and Prisons Department Pensioners. Gbenga Ajayi, the PTAD's spokesman, stated this in a statement issued on behalf of Chioma Ejikeme, the directorate's executive secretary, in Abuja on […] The Pension Transitional Arrangement Directorate (PTAD) has embarked on an expanded re-validation and re-computation exercise in a bid to clear all pension arrears and resolve all complaints of short payments and outstanding gratuities for the Civil Service Pensioners and their Next of Kin (NoK). Pension Transitional Arrangement Directorate (PTAD) is responsible for the pension administration of the Defined Benefit Scheme (DBS). The Pension Transitional Arrangement Directorate ( PTAD) says it has paid an additional nine months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to Civil . The Pension Transitional Arrangement Directorate (PTAD) says it paid gratuity and pension arrears to 414 Association of Retired War Affected Police Officers (ARWAPO . The consequential adjustment of the new pension payment will start from the May 2021 payroll. This brings the arrears paid to a total of 18 out of the 24 months arrears of the Pension Increment. Radio Sunrise paints a satirical portrait of (post) post-colonial Nigeria. Tweets by @PTADNigeria The Pension Transitional Arrangement Directorate (PTAD) has paid an additional nine months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to the Defined Benefit Scheme (DBS) pensioners. Ejikeme assured that on the issues raised including the balance of the 33 per cent pension arrears and the pension percentage increase in line with the approved new minimum wage, PTAD was in talks . These are among the 7,969 Civil Service Pensioners who were enrolled on PTAD monthly payroll in March 2018 with a total payment of N71.5m for the month. The Pension Transitional Arrangement Directorate (PTAD) has paid an additional 9 months of consequential adjustment arrears occasioned by the new [.] The Pension Transitional Arrangement Directorate  (PTAD), has paid an additional nine months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to the Defined Benefit Scheme (DBS) pensioners. Mr Gbenga Ajayi, the PTADâs Head of Corporate Communications, stated this in a statement issued on behalf of Dr Chioma Ejikeme, the Executive Secretary of PTAD, in Abuja yesterday. He said that the arrears of nine months were paid to Civil Service Pension Department Pensioners and six months of the same arrears to Parastatals, Police, Customs, Immigration and Prisons Department Pensioners. â This brings the arrears paid so far to a total of 18 out of the 24 months arrears of the pension increment.â Ajayi said that the Ejikeme made this statement in response to the commendations from pensioners on the payment of the arrears. He said that in May the directorate implemented the consequential adjustment on pensions as a result of the minimum wage Increment of 2019 and commenced payment of arrears to the pensioners of the operational departments as directed by President Muhammadu Buhari. â The Civil Service Pensioners were paid nine months of the arrears while parastatals, police and customs, immigration and prisons pensioners were paid 12 months arrears in May. âWith this payment, each of the pensioners in the 4 operational departments would have  a balance of six months  arrears left to be paid,â he said. According to the executive secretary, the payment was to further support DBS pensioners especially during this festive period of the celebration of this yearâs Eid-el Kabir. Ejikeme wished all Muslim pensioners a happy Eid El Kabir, promised to continue to support and promote the welfare of the senior citizens in accordance with the mandate of the directorate. PTAD will also commence payment of the arrears from May 2021.''. The National Environmental Standards and Regulations Enforcement Agency, NESREA has entered into a Memorandum of Understanding with an environmental organization, WildAid, to create awareness on wildlife conservation. PTAD Launches Charter for Improved Service Delivery. . PTAD stated this on its Twitter Handle stating that the attention of its Executive Secretary, Sharon Ikeazor has been drawn to a misleading and unverified media . The Pension Transitional Arrangement Directorate (PTAD) has paid an additional nine months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to the Defined Benefit Scheme (DBS) pensioners. All pensioners under the Customs, Immigration and Prison Pensions Department have already been paid the 33 per cent arrears in full since August 2016. These pension funds had hitherto . The table reveals, unfortunately, that only a handful of states are implementing the CPS as they should. Found inside"This is the first English translation of this major text, extensively annotated, and preceded by a general Introduction. Gbenga Ajayi, PTAD's spokesperson, made the announcement on Tuesday in Abuja on behalf of Chioma Ejikeme, PTAD's executive secretary. The Pension Transitional Arrangement Directorate (PTAD) has paid N1.7bn outstanding pension arrears to 5,382 Civil Service Pensioners in the country. The Pension Transitional Arrangement Directorate, PTAD, says it paid gratuity and pension arrears to 414 Association of Retired War Affected Police Officers, ARWAPO, amounting to over N954 million. Ejikeme assured that on the issues raised including the balance of the 33 per cent pension arrears and the pension percentage increase in line with the approved new minimum wage, PTAD was in talks . Pension Transitional Arrangement Directorate (PTAD), has paid the sum of N6.3billion to parastatals and civil service pensioners. Pension Transitional Arrangement Directorate (PTAD) is responsible for the pension administration of the Defined Benefit Scheme (DBS). Gbenga Ajayi, the PTAD's spokesman, stated this in a statement issued on behalf of Chioma Ejikeme, the directorate's executive secretary, in Abuja on […] For a single . The Pension Transitional Arrangement Directorate (PTAD) has paid an additional 9 months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to pensioners of the Civil Service Pension Department and 6 months of the same arrears to pensioners of Parastatals, the Nigerian Police Force, Customs, Immigration and Prisons Department. With this approval, PTAD is now empowered to start the upward adjustment of all pensioners' benefits according to the approved template. Amidst rising insecurity in the country, the Nigeriaâs total agricultural output has risen by N700bn in the second quarter of 2021.A release from the National Bureau of Statistics (NBS) on Friday stated that the total agricultural output in the second quarter of the year rose to N9.3tn from N8.6tn  recorded in the first quarter of 2021.This, according to NBS,  resulted in an increase of N700bn in total output generated in the agricultural sector in the period under consideration.This shows that out of the four subsectors that constitute the agriculture sector, two recorded a decline in economic performance while the remaining two experienced a decline in productivity.The two sub-sectors that recorded an increase in economic performance are crop production, from N7.2tn to N7.5tn; and forestry, which grew by N2.5bn, from N73.3bn to N75.8bn.The livestock subsector recorded a significant decline in productivity within the period under review, from N613bn to N508bn.Similarly, output in the fishing subsector dropped by N144bn from N663.9bn recorded in the  first quarter to N519bn recorded in the second quarter. The performance of the agricultural sector shows that at present, the sector is resilient to major challenges plaguing it, such as worsening insecurity in food-producing states in the country.Also, lack of access to premium buyers due to low economies of scale; poor access to credit due to poor bankability metrics and poor agricultural practices that lead to low yields, climate change among others have also added to the challengesThe Federal Government had introduced several initiatives and programmes to boost agricultural output in line with its goal to diversify the economy.In addition, one of the programmes that stood  out was the Anchors Borrowers Programme initiated by the Central Bank of Nigeria (CBN) in 2015 which offered loans to farmers in various agricultural sub-sectors.The CBN had earlier stated that the programme would create economic linkage between smallholders and reputable large-scale processors with a view to increasing agricultural output and significantly improving capacity utilisation of agricultural firms. It is my immense pleasure to interact with you and brief you this morning. The Presidential approval for the [...], It has come to the attention of the Pension Transitional Arrangement Directorate (PTAD) that the Nigeria Union of Pensioners (NUP) at its 11th [...], © 2020, Pension Transitional Arrangement Directorate, PTAD Frequently Asked Questions(Documents), NOTICE FOR THE COMMENCEMENT OF MOP-UP VERIFICATION IN THE NORTH EAST ZONE. By Nana Moussa The Directorate of the Transitional Pension Scheme (PTAD) paid nine additional months of adjustment arrears following the new 2019 minimum wage increase to defined benefit pensioners (DBS). The Pension Transitional Arrangement Directorate ( PTAD) has paid an additional 9 months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to Civil Service Pension Department Pensioners and 6months of the same arrears to Parastatals, Police, Customs, Immigration and Prisons Department Pensioners. The President of Nigeria, elected in 1999, gives a detailed account of his friend and colleague Chukwuma Nzeogwu, a young army officer who led the shocking and first military coup d'etat of 1966, which toppled the civilian government and ... According to her, "Between July 2019 and August 2020, PTAD paid a total of over N96 billion Naira across all the Operational Departments. Jaadeh! is the highly-anticipated sequel to Robtel Neajai Pailey's Gbagba, the anti-corruption children's book that has transformed elementary classrooms in Liberia. The Pension Transitional Arrangement Directorate (PTAD) has paid an additional nine months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to the Defined Benefit Scheme (DBS) pensioners. Some of the pensioners, who spoke to NAN in Lagos, decried the delay in the payment of their monthly pension. It would be recalled that in May 2021, the Directorate implemented the consequential adjustment on Pensions as a result of the minimum wage increment of 2019 and commenced payment of arrears to the Pensioners of the four operational departments as directed by President Muhammadu Buhari. The Pension Transitional Arrangement Directorate (PTAD) has paid the sum of Eight Hundred and Thirty Four Million, Four Hundred and Fifty-Nine Thousand and Six Hundred and Twenty Naira, and Three Kobo (N834, 459,620.03) as pension arrears to One Thousand,… A superb collection of 120 pocket-size fiction and non-fiction readers that will capture your children's imaginations, especially the boys! The Association of Retired Federal Senior Public Officers has urged the Federal Government to direct the Pension Transitional Arrangement Directorate (PTAD) to pay the difference between the monthly benefits payable to retirees prior to the implementation of the minimum wage and the benefits due to them after the implementation of the minimum wage. The sum of over N77 billion was paid as monthly pensions . Mr. Gbenga Ajayi, the PTAD's Head of Corporate Communications, stated this in a statement issued on behalf of Dr . PTAD pays 5,382 newly enrolled pensioners N1.7bn outstanding arrears. PTAD said, "For the record, the backlog of the 33 per cent pension arrears has been owed since 2010 as a fall out of the upward review of the minimum wage to N18, 000. (FRCN), Vandalised Plateau farms could cause food insecurity -Gov. A complete step-by-step course which shows you how to play and deepen your understanding of chess. PTAD Receives £26.5 Repatriated Retirees Pension Funds from CIAM (UK) The Pension Transitional Arrangement Directorate (PTAD) has received the sum of £26,505,862.97 (Twenty Six Million, Five Hundred and Five thousand, Eight hundred and Sixty-two Pounds, Ninety-Seven Pence) repatriated from the United Kingdom. PTAD was established to address the numerous pensioners' complaints that bother on issues such as non-payment of monthly pension, short payment of pension and gratuity, removal of name on pension payment voucher, non-payment of harmonized pension arrears . Lalong, Your email address will not be published. Off Yedseram Street, READ ALSO: Economic Revamp Works With Working Food System - Aide I retired from Jos Steel Rolling Company in 1993, on grade level 12/1. Credit: The National Pension Commission. Parastatal pensioners were paid six months' arrears in the latest instalment, making a total of 18 months received so far. The amount being six months arrears is a 33 per cent pension . The latest figures show that by January, 17, 2021, the DWP . The arrears will take effect from April 2019. TDIU VA Benefit Payout In 2019. 21 Ships Discharge Products At Lagos Ports â NPA, Nigeria Records N3.9trn Agric Trade Deficit In Four Years. The Lagos Chamber of Commerce and Industry (LCCI) has said that the growing decline in the non-oil sector productivity of the Nigeria economy makes it vulnerable to global shocks and weak in economic inclusion.The body has also posited that the manufacturing sector of Nigeriaâs economy could not thrive with high cost of production and cheaper imports.According to a statement signed by the Director-General, LCCI, Dr Chinyere Almona, last Friday, the chamber said there were challenges with the escalating cost of governance, fiscal leakages, and revenue optimisation issues.âThere is an urgent need to address the weak government revenue base, rising and unsustainable debt profile, over-dependence on oil revenue, exposure to foreign shocks through weak forex supply, double-digit inflation.âWe commend the political will of this administration in taking the bold step on the passage of the Petroleum Industry Act, 2021.âThe quality of the business environment remains a source of concern to investors, especially in the real sector.âWeak infrastructure, policy environment, and institutions had adverse effects on the efficiency, productivity, and competitiveness of many enterprises in the economy.âThese conditions pose a major risk to job creation and economic inclusion across sectors,â LCCI said. The payment follows an outcome of expanded re-validation and re-computation exercise embarked by PTAD in a bid to clear all pension arrears, resolve all complaints of short payments and outstanding gratuities for the Civil Service Pensioners […] The PTAD is an agency of the Federal . Though the increment had been approved, it was not implemented immediately thus creating accumulated arrears of 42 months. Published. The Pension Transitional Arrangement Directorate (PTAD) has paid an additional nine months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to the Defined Benefit Scheme (DBS) pensioners. The way forward is to address the fundamental constraints to manufacturing competitiveness in the Nigerian economy,â Almona said.She added that the nation needed to seek innovative ways to fund its infrastructure as it could not continue to depend on debt financing. The following table shows the status of implementation of the CPS by all states in the country as at the latest report released by the National Pension Commission (PenCom). The Pension Transitional Arrangement Directorate has paid another instalment of the outstanding 33 per cent . The Pension Transitional Arrangement Directorate ( PTAD) has paid an additional 9 months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to Civil Service Pension Department Pensioners and six months of the same arrears to Parastatals, Police, Customs, Immigration and Prisons Department Pensioners. Gbenga Ajayi, PTAD's spokesperson, disclosed this in a statement issued on behalf of Chioma Ejikeme, executive secretary of PTAD, on Tuesday, […] Maitama, Abuja, FCT, TOLL FREE : 0800-CALL-PTAD (0800-2255-7823) | Landline: 09-4621721, 09-4621722 | Report Fraud: 08144607574 | FOI Request: 08144607574, PTAD will commence Mop up Verification Exercise for Pensioners and Next of Kin (NOK) of all Federally funded Parastatals, Agencies and Institutes [...], The Pension Transitional Arrangement Directorate (PTAD) has formally presented a Certificate of Non-Indebtedness to African Alliance Insurance [...], The Pension Transitional Arrangement Directorate (PTAD) has paid an additional 9 months of consequential adjustment arrears occasioned by the new [...], The Pension Transitional Arrangement Directorate (PTAD) has launched its service charter to serve as an internal policy to guide both staff and [...], The Pension Transitional Arrangement Directorate (PTAD), has issued a Certificate of Non-Indebtedness to AIICO Insurance Plc, a move that puts [...], The Pension Transitional Arrangement Directorate (PTAD) will commence Mop up Verification Exercise for Parastatal Pensioners and Next of Kin [...], The Pension Transitional Arrangement Directorate (PTAD) has commenced the payment of the consequential adjustment to the pensioners under the [...], The attention of the Pension Transitional Arrangement Directorate (PTAD) has been drawn to the statement issued by the Federal Parastatals and [...], ProtocolsGood morning All. March 4, 2021 1:50 PM. This was contained in a statement by the Executive Secretary PTAD, Dr Chioma Ejikeme on Tuesday in response to the commendations from Pensioners on the payment of the arrears. Both parties will collaborate to promote awareness about wildlife laws among the general public, encourage pride in the wildlife heritage of Nigeria and make wildlife . This title gives private or public sector executives, managers, and financial analysts without a strong background in accounting the tools they need to participate in discussions and decisions on the appropriateness or application of ... Mr Gbenga Ajayi, the PTAD's Head of Corporate Communications, stated this in a statement issued on behalf of Dr Chioma Ejikeme, the Executive… PTAD pays part of pension arrears. Found insideBringing together scholarship and examples from practice, this book explores ways in which early childhood curriculum – including classroom practices and community contexts – can more actively engage with a range of social justice ... "The arrears from April 2019 will be paid along with the pensioners' monthly benefit starting from May 2021 payroll." She said that on April 22, "a statement was released to inform the public of the president's sincerity to implement the consequential adjustment on the pension benefits through PTAD". PTAD stated this on its Twitter Handle stating that the attention of its Executive Secretary, Sharon Ikeazor has been drawn to a misleading and unverified media . I am expecting gratuity and six months pension arrears, from January to July 1993. The Pension Transitional Arrangement Directorate (PTAD) has paid an additional nine months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to the Defined Benefit Scheme (DBS) pensioners. The Pension Transitional Arrangement Directorate on Tuesday announced that it had paid an additional nine months of consequential adjustment arrears to civil service pension department pensioners . The Minister of Agriculture and Rural Development, Dr Mohammed Abubarka, in a statement on the ministryâs website, stated that the issue of animal feed and human food security was a priority agenda.âThe ministry has been committed to the development of the nationâs feed industry by making budgetary provision for capacity building on alternative ingredients in some states in the East and West of Nigeria based on comparative advantage.âThe livestock subsector alone engages over five million Nigerians directly or indirectly as technical or skilled personnel, distributors, fabricators of tools and machinery.âAnother area jobs has been created is the input suppliers which has generated massive employment across various value chains and strengthens the national social safety net with copious contributions to food security, household income and poverty reductionâ, the statement added.The minister, in the statement said, to support the livestock farmers alleviate the cost of feeds, that the ministry procured and distributed ruminant feed concentrates, salt licks, finished feeds to small-holder farmers across the country. This book focuses on the bridges that connect the dynamic relations between consumer actions, the marketplace, and cultural meanings. It was originally published as a peer-reviewed special issue of Consumption Markets & Culture. The Pension Transitional Arrangement Directorate (PTAD) has refuted news reports that it recently received N54 billion from the Federal Government to pay 33 per cent pension arrears. Congo Tourney, Redemption For Home- Based Playersâ, Former FIBA President Attributes NBBF Crisis To Constitution, WACL: I Donât See Any Group Of Death – Okon, Two Nigerian Telecom Operators Set For 5G Rollout, PHALGA Plans Empowerment For Skills Acquisition Graduands, Womenâs Participation In The Nigerian Project, 61 Years After, Enugu Rangers To Sign Former West Brom, PSG Player, © Copyright © 2009-2021 The Tide Newspaper Corporation. The Pension Transitional Arrangement Directorate (PTAD), is seeking the release of funds to complete payment of the outstanding balance of 33 per cent pension arrears increase before the end of . The Pension Transitional Arrangement Directorate (PTAD) has paid out a colossal sum of N6.2 billion to 16,210 pensioners. July 22, 2021 / News & Events , News Updates , Press Release The Act is in nine parts and includes provisions to: i) establish a non-departmental public body called the Pensions Regulator to replace OPRA. Pension arrears: FG to raise N800bn via . The Pension Transitional Arrangement Directorate (PTAD) says it has paid an additional nine months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to the . The Pension Transitional Arrangement Directorate (PTAD), has paid an additional nine months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to the Defined Benefit Scheme (DBS) pensioners.