Tinubu Raises Armed Forces Pension By 20 Per Cent As Nationwide Protest Looms

President Bola Ahmed Tinubu has approved implementing a 20 per cent increase in pension for the Armed Forces personnel.

This was made known by the Chief of Naval Staff (CNS), Vice Adm. Emmanuel Ogalla, on Thursday at the 2024 Accounts and Budget Seminar themed “Optimising Nigerian Navy Non-Public Fund Opportunities In A Dynamic Economic Environment: The Nigerian Navy Personnel In Focus.”

The announcement of the 20 per cent increment, which he said took effect from January, comes in the heat of the planned #EndBadGovernance protest, which has unsettled the federal government and has cast fear among Nigerian political officeholders.

Represented by the Chief of Policy and Plans, Naval Headquarters, Rear Adm. Joseph Akpan, Ogalla addressed the two-day event, held from July 25 to July 26 at the Naval Dockyard, Victoria Island, Lagos.

He stated that this and other initiatives, including those from various services, are meant to boost morale and efficiency.

This seminar is timely as we explore strategies to generate funds independently from budgetary allocations to address welfare needs and enhance living standards for personnel. Such initiatives are crucial for operational efficiency, as the human factor is key to the success of any organisation, including the Nigerian Navy,” Ogalla said.

He emphasised that the success of any organisation, including the Nigerian Navy, depends significantly on the welfare of its personnel. Ogalla highlighted the importance of optimising non-public funds to improve personnel welfare, which, according to him, helps retain skilled personnel and enhances operational effectiveness.

Ogalla also mentioned several schemes the Nigerian Navy operates to improve personnel welfare, such as navy insurance, car refurbishing loans, and welfare loan schemes managed by the Directorate of Non-Public Funds.

“These are critical factors necessary toward protecting the maritime environment for the economic prosperity of our nation, which the Nigerian Navy is saddled with,” he said, stressing the need for transparency, accountability, and continuous evaluation in the management of these schemes to meet the needs of the personnel.

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