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PenCom Does Not Give Loans to Federal Government, says DG

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Mrs Aisha Dahiru Umar ,DG Pen Com

 

Mrs. Aisha Dahir-Umar, the Director General of National Pension Commission (PenCom), has described as “totally misleading” widespread reports that the Commission gave a N10 trillion loan to the Federal Government.

She also responded to claims that PenCom was owing Federal Government retirees arrears of pensions as well as insinuations that Pension Fund Administrators (PFAs) are not fulfilling their obligations to retirees with regards to access to their retirement savings.

Mrs. Dahir-Umar, in a media interview at the weekend, said apart from the fact that PenCom is not a bank and does not warehouse or manage pension funds, the Federal Government did not take a loan of N10 trillion from the Commission.

“Investments by the PFAs in the securities of the Federal Government of Nigeria (FGN) are not loans as erroneously portrayed, but investments in securities, through bonds and treasury bills, as approved by the relevant government agencies, in this case the Debt Management Office (DMO) and Securities and Exchange Commission (SEC). They are traded on authorized capital markets. That is, the Nigerian Exchange Limited and FMDQ OTC Securities Exchange,” she explained.

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“Moreover, pension fund assets are not managed by PenCom. I have said it repeatedly that when we say pension assets have grown to N15 trillion, that does not mean PenCom has N15 trillion locked somewhere in its office or bank accounts. Pension fund assets are managed by the licensed PFAs and held in custody by the licensed Pension Fund Custodians (PFCs). The PFAs are responsible for investing pension fund assets in allowable asset classes, including FGN debts instruments. The objectives are safety and fair returns. All these are in line with the provisions of the enabling law, the Pension Reform Act 2014, and the rules issued by the Commission. It is obvious from the above that what is referred to ‘loan to FGN’ is just investment in FGN securities by the PFAs, as is done by other institutional investors such as banks, insurance companies, asset managers, etc.”

Mrs. Dahir-Umar added that it is an international best practice to invest in investible instruments issued or backed by the sovereign authority and that the FGN securities meet the objectives of safety and fair returns.

“The FGN has consistently met its repayment obligations, both principal amount and accrued interest, for all investments in bonds and T-bills to all investors including pension funds. The information is always in the open and accessible on our website, www.pencom.gov.ng,” she said.

The PenCom DG further clarified claims about outstanding benefits to Federal Government retirees.

“The delayed payment of retirement benefits to some Federal Government retirees and deceased employees is because of the inadequate and delayed funding for the payment of Accrued Pension Rights for those who were in service before the Contributory Pension Scheme (CPS) was introduced when PenCom was established in 2004,” she said.

“Payment of the accrued rights is subject to release of funds by the Federal Government. So, it is beyond the powers of the Commission. However, we have been engaging the Federal Ministry of Finance for more funds to be released to settle these liabilities, but it is not a secret that the government itself has budgetary constraints.”

She said all those enrolled under the CPS have been receiving their benefits through their PFAs and there is no unsolved complaint before the Commission.

 

 

 

 

 

 

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Hon. Abubakar Kabir Bichi launches 4th postgraduate scholarship program, sponsors 122 students

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Hon. Abubakar Kabir Bichi the member representing Bichi Federal Constituency and Chairman House Committee on Appropriation has launched the fourth edition of his postgraduate scholarship support programme, approving scholarships worth N25,853,128.50 for 122 students from the constituency.

The programme was officially launched on Sunday during the fourth edition of his flagship Postgraduate Support Programme held at  Zibsah event Centre off FCE (T) Bichi Old Campus Road.

The scholarship initiative, which targets postgraduate students pursuing Master’s and PhD degrees in institutions across Nigeria, forms part of the lawmaker’s sustained investment in education and human capital development.

Speaking during the inauguration, Bichi said the programme was designed to support students in achieving their academic aspirations and contribute to the development of Bichi Federal Constituency through education.

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He disclosed that 122 postgraduate students were selected as beneficiaries under the fourth edition of the programme, with a total N25,853,128.50 approved for their sponsorship.

The lawmaker also announced that 21 postgraduate students were awarded scholarships for studies in Malaysia as the first batch. About 80 percent of the beneficiaries have graduated, while a second batch, larger than the first, is expected to depart in September.

According to him, he constructed more than 700 classrooms across the 12 wards of the local government area to address infrastructural deficits in primary and secondary schools.

Bichi added that he is currently sponsoring the salaries of 500 temporary teachers, earning N60,000 monthly, as part of efforts to strengthen the quality of education and address teacher shortages in public schools.

The lawmaker’s educational intervention also included  scholarships for more than 500 students enrolled in schools under the Kano State Science and Technical School Board, covering tuition fees, learning materials, accommodation needs and other essential expenses.

Bichi’s scholarship programme extends to students from Bichi studying in universities, colleges of education and other tertiary institutions across Nigeria.

He further revealed that an E-Library currently under construction in Bichi will provide students with access to digital learning resources and modern research facilities.

He noted that his development agenda also covers infrastructure, healthcare and youth empowerment projects aimed at improving living standards and creating opportunities for residents of the constituency.

 

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Sarkin Yakin Kano, Ambassador Ahmad Umar Loses Mother at 78

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Ambassador Ahmad Umar, OON, the Sarkin Yakin Kano (War Commander of Kano Emirate) and Hakimin Gundumar Mariri (District Head of Mariri), has lost his mother at the age of 78.

Family sources confirmed that the matriarch passed away on Tuesday, prompting an outpouring of condolences from family members, associates, traditional leaders, and well-wishers.

In a statement shared with close associates, the family announced the passing

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“Inna lillahi wa inna ilayhi raji’un” — “Indeed, we belong to Allah, and indeed, to Him we shall return.”

 

According to the announcement, the funeral prayer (Salatul Janazah) is scheduled to take place at 4:00 p.m. at Kofar Kudu, the main entrance of the Palace of the Emir of Kano, where relatives, friends, and sympathizers are expected to gather to pay their final respects.

Ambassador Ahmad Umar  is a respected diplomat and traditional titleholder who serve as Sarkin Yakin Kanoand the District Head of Mariri (Hakimin Gundumar Mariri). He is also a recipient of the national honour of Officer of the Order of the Niger (OON).

 

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BUK, European Space Agency Equip Journalists with Satellite Tools for Climate Reporting

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The participants during the workshop

Anas Yushau Yusuf

Journalists and media practitioners have been equipped with practical skills in the use of Earth Observation technologies to improve climate change and environmental reporting during a capacity-building workshop organised by Bayero University Kano (BUK) in collaboration with the European Space Agency (ESA) and Future Earth.

The one-day workshop, titled “Achieving Transformative Flood Risk Management in Informal African Cities Using Demystified Earth Observation,” was held at Bayero University Kano. It brought together journalists from various media organisations to explore how satellite imagery, geospatial data and Earth Observation platforms can support evidence-based reporting on environmental and climate-related issues.

In his welcome address, the Project Lead, Prof. Aliyu Salisu Barau, said the training was designed to empower journalists with practical tools that would improve the quality, accuracy and credibility of environmental reporting.

“As the climate change crisis continues to unfold across our societies, the public depends on accurate, timely and evidence-based reporting,” he said.

According to him, participants would gain hands-on experience with Earth Observation platforms that can help journalists verify environmental claims, strengthen investigative reporting and communicate complex climate issues more effectively.

Prof. Barau noted that environmental challenges such as flooding, drought, land degradation and rapid urbanisation require reporting that is supported by scientific evidence rather than assumptions.

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The Deputy Vice-Chancellor (Research and Development) of Bayero University Kano, Prof. Amina Mustapha, described climate change as one of the most pressing development challenges confronting Northern Nigeria and the wider Sahel region.

She urged journalists to pay greater attention to environmental stories that directly affect communities, including desertification, the shrinking Lake Chad, food insecurity, climate-induced displacement and the implementation of initiatives such as the Great Green Wall.

Prof. Mustapha stressed that the media has a critical role in informing the public, influencing policy discussions and promoting accountability through accurate and well-researched environmental reporting.

Delivering her remarks virtually, Freya Muir, Research Coordinator at the European Space Agency and Future Earth, highlighted the importance of Earth Observation data in supporting climate monitoring, disaster preparedness and sustainable environmental management.

She explained that satellite-generated data provides reliable information that can help governments, researchers, humanitarian organisations and journalists better understand environmental changes and communicate risks before disasters occur.

The workshop featured technical sessions on the fundamentals of Earth Observation, accessing satellite data for evidence-based reporting, visual storytelling using geospatial information, investigative environmental journalism, and the application of Earth Observation tools for early warning communication and climate risk reporting.

Participants also took part in a hands-on practical session where they were introduced to digital Earth Observation platforms and guided through the process of accessing and interpreting satellite data for story development.

The training forms part of an ongoing collaborative project aimed at strengthening flood risk management in informal African cities by making Earth Observation technologies more accessible to researchers, policymakers and the media.

For many participants, the workshop demonstrated that modern journalism increasingly requires the ability to interpret scientific data alongside traditional reporting methods. By combining satellite imagery with field reporting, journalists can produce more accurate, compelling and impactful stories that contribute to public awareness and informed decision-making on climate and environmental issues.

The workshop ends with a renewed call for stronger collaboration between scientists, academic institutions and the media to ensure environmental reporting is rooted in credible evidence and serves the public interest.

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