The Executive Secretary, Pension Transitional Arrangement Directorate (PTAD), Dr. Chioma Ejikeme, has said that pension management in Nigeria is a very sensitive issue, and PTAD has been at the forefront since inception, to ensure that the welfare of pensioners under the Defined Benefits Scheme (DBS) remains a priority.
In her welcome address at the one-day workshop for members of National Association of Insurance and Pension Correspondents (NAIPCO) in Lagos, said “over the years PTAD has worked assiduously to change the negative image of pension administration in Nigeria especially under the Defined Benefits Scheme, and we are proud to say that the hard work has yielded and has continued to yield positive results.
Ejikeme, who was represented by Director, Parastatals Pension Department, Kabiru Yusuf, said prior to the inception of PTAD in 2013, payment of pensioners under the DBS was marred by lots of anomalies resulting in all sorts of corruption at the detriment of the pensioners.
According to her, “all the issues inherent in the system have been resolved through verification and validation which had saved cost for the country.”
She said, “It gives me great pleasure to welcome you all to this one-day training
organised for the pension correspondents in Lagos to get you informed about the mandate, operations and vision of the Pension Transitional Arrangement Directorate (PTAD).
The importance of the media to the operations of PTAD cannot be
overemphasised, which is why we deem it necessary to organise this training.
Over the years, PTAD has worked assiduously to change the narrative of pension administration in Nigeria, especially under the Defined Benefits Scheme, and we are proud to see that the hard work has yielded and has continued to yield positive results.
In the course of the presentations here today, we believe you will be adequately informed about the Act establishing PTAD, what our mandate is, the different operational departments we have in the
Directorate, as well as how we carry out our responsibilities.