FG Launches ₦52,500 Minimum Monthly Pension For Over 173,000 Retirees
President Bola Tinubu has introduced a ₦52,500 monthly minimum pension for 173,209 eligible retirees under the Contributory Pension Scheme.

The Federal Government of Nigeria is introducing sweeping reforms in the agricultural sector to enhance food production, curb rising food inflation, and improve national food security, according to Vanguard.
Speaking during an interview, the Senior Special Adviser on Agricultural Innovation at the Ministry of Agriculture and Food Security, Professor Ademola Adenle, revealed that the initiative focuses on digitalization, mechanization, and improved agency collaboration. He explained that digital systems would assist in identifying genuine farmers, tracking farm output, ensuring transparent input delivery, and opening up market opportunities.
Adenle noted that under the National Agricultural Growth initiative, agro-dealers supply inputs directly to verified farmers. This mechanism has driven a 30 percent boost in production, with annual wheat yields climbing from 420,000 tonnes to 480,000 tonnes. However, he stressed that increasing farm output alone cannot reduce food prices unless institutional and structural weaknesses are adequately addressed.
The presidential adviser urged an overhaul of the ministry's administrative and legal frameworks to remove bureaucratic delays. He identified weak collaboration among federal, state, and local governments as a serious hurdle, calling for aligned agricultural policies across all levels of government, alongside performance-linked funding, strict monitoring, and data-driven policies.
Regarding soaring food prices, Adenle attributed the trend to artificial scarcity caused by commodity hoarding and illegal smuggling of farm goods across Nigerian borders. He added that the Nigeria Customs Service, the Federal Competition and Consumer Protection Commission, and security agencies are collaborating to curb these illicit activities.
Sources: Vanguard
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