The federal government says it clears pension arrears and other pension liabilities worth about ₦39.63 billion for more than 24,000 retirees. The payments are reported to settle longstanding obligations owed to former workers of defunct public enterprises and financial institutions operating under the Defined Benefit Scheme. According to the minister involved in the announcement, the payout covers pension liabilities accrued over time and is intended to ensure retirees receive benefits they are owed. Nigeria’s federal government has periodically announced efforts to reduce backlog pension obligations, particularly for workers affected by the collapse or winding down of public institutions. The latest statement places the cleared amount at roughly ₦39.6 billion and describes the beneficiaries as retirees linked to the defined benefit arrangements of legacy institutions. Both reports characterize the action as a settlement of arrears rather than a new pension plan, and they describe the number of retirees covered as over 24,000. The government does not, in the provided accounts, give details on the timeline of payments or the specific breakdown across institutions or schemes.