YSG, PenCom Strategise On Pension Reform In Yobe

Governor Mai Mala Buni of Yobe State has reaffirmed his administration’s commitment to implement the Con­tributory Pension Scheme (CPS) in Yobe State.Governor Buni stated this during a meeting with Ms. Omolola Oloworaran, the Director General of the National Pension Commission (PenCom), in Abu­ja. The meeting which was held on February 27, 2025, discussed the adoption and im­plementation of the CPS in Yobe State.The engagement aimed to address critical steps required for the transi­tion from the Defined Benefits Scheme (DBS), which is currently in practice in Yobe State to the more sustainable CPS to chart a clear path for the State’s pen­sion reform efforts.Speaking during the meeting, Gov. Buni reiterated his administration’s dedication to the welfare and financial security of retirees in the State. He em­phasised the importance of the CPS as a part of ongoing efforts to ensure a stable and sustainable pension system for state employees.The Governor highlighted that the adoption of the CPS would not only pro­vide long-term benefits but also address issues related to pension arrears and past service liabilities. He further em­phasised the need for sensitisation pro­grammes to ensure that all stakeholders understand the scheme’s benefits and operational framework.On the PenCom’s side, Ms. Olowor­aran briefed the Governor on the CPS and its long-term benefits for State em­ployees. Discussions centred on the im­portance of passing the CPS Bill, ensur­ing timely remittances, and addressing past service liabilities through actuarial valuation.A key outcome of the meeting was the Governor’s assurance of his admin­istration’s readiness to implement the CPS by passing a robust pension law and setting up the necessary adminis­trative structures. Governor Buni also reaffirmed his commitment to pre-re­tirement training programmes aimed at equipping civil servants with skills for post-retirement opportunities.