A significant amount has been allocated for pension-related payments, totaling ₦157.9 billion. This commitment has been made since May 29, 2019. Recently, an additional ₦5.83 billion was released for retirees' benefits. The funds will be used to pay gratuity and provide additional pension benefits. A portion of the money, ₦4,906,950,967.98, is designated for local government and education board retirees. The remaining amount, ₦918,596,179.16, will be used for additional benefits.

Further details about the allocation and payment process are available. The release of these funds is part of efforts to address outstanding retirement obligations.

The allocation was approved at a recent meeting, marking a step towards improving the welfare of senior citizens.