Business A.M
No Result
View All Result
Tuesday, March 24, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home National: Governance, Policy & Politics

Rivers new pension law aims to capture more retirees

by Admin
July 16, 2019
in National: Governance, Policy & Politics

With a near bloating civil service of over 50,000 workforce and a growing army of pensioners, Rivers State appears to be far from tackling its pensions issue that had persisted since 2007, going by recent revelations on the state’s contributory pension scheme (CPS) bill.

The new bill, just accented into law by Governor Nyesom Wike, aims at a comprehensive capture of all pensioners in the state, according to Rufus Godwins, head of service in the state.

“We have placed over 800 of them (pensioners) on the payroll; and we have started paying them. The window for biometric capture is open; and we shall continue the process for the purpose of payment,” Godwins said.

He said that 800 pensioners under the contributary pension scheme have completed their biometrics, and have been paid, adding that further biometric capture of other pensioners under the CPS has been scheduled by the state government in line with the directive of the governor.

Pensions payment in Rivers, like in many of Nigeria’s sub-nationals, has been a thorny issue, with most of the affected retired workers going for months of unpaid pensions. The accumulated arrears run into several tens of billions of naira. The immediate past Chibuike Amaechi administration enacted a contributary pensions law to net-in virtually all the state’s retirees. But that fell into murky waters, as many affected ones cried that they were excluded. Governor Wike came up with a reformed scheme since 2016. But till date, several thousands of pensioners are yet to be captured in the new CPS, a situation some economic analysts have criticized, describing it as further creating more problems than it aimed to correct the old system.

But Governor Wike, after signing the new bill (Rivers State Pension Reform Law No 4 of 2019), said he has fulfilled his pledge, to correct the lingering pension issue, as it marks the commencement of payment of pensioners under a contributory pension scheme.

“The Rivers State Pension Reform Law (No 4 of 2019) will help in resolving the challenges generated by the Contributory Pension scheme. The State Government is committed to ensuring that civil servants and pensioners are catered for, with the challenges they faced completely addressed,” he said.

The head of service said, by initiating the amendment of the State Pension Law, Governor Wike set out to comprehensively tackle the challenges he inherited under the CPS from the immediate past Amaechi administration in the state.

Admin
Admin
Previous Post

Cars45 reiterates desire to fulfil brand promise with launch of 2 car lots

Next Post

Cocoa’s OPEC moment puts market on track for boom and bust

Next Post

Cocoa’s OPEC moment puts market on track for boom and bust

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

How UNESCO got it wrong in Africa

May 30, 2017

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Oil climbs on geopolitical tension but U.S. inventory build caps gains

Oil tops $104 as Gulf conflict deepens

March 24, 2026
PIAFo advocates Dig-Once policy to unlock 125,000km fibre expansion in Nigeria

PIAFo advocates Dig-Once policy to unlock 125,000km fibre expansion in Nigeria

March 24, 2026
Iceland tops global ranking for cleanest electricity grid

Iceland tops global ranking for cleanest electricity grid

March 24, 2026
NNPC moves to sell stakes, secure $2bn pipeline financing amid oil sector pressures

Nigeria targets 100,000bpd output boost amid global supply disruptions

March 24, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Oil climbs on geopolitical tension but U.S. inventory build caps gains

Oil tops $104 as Gulf conflict deepens

March 24, 2026
PIAFo advocates Dig-Once policy to unlock 125,000km fibre expansion in Nigeria

PIAFo advocates Dig-Once policy to unlock 125,000km fibre expansion in Nigeria

March 24, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M