OYSPSB Chairman Commends Oyo Govt As State Clinches Third Most Improved Position In CPS Implementation
The Executive Chairman of the Oyo State Post Service Board, Hon. Adekunle Tunji Rafiu, has commended the Oyo State Government under the leadership of Governor Seyi Makinde for its commitment to pension reforms, following the state’s emergence as the Third Most Improved State in the implementation of the Contributory Pension Scheme (CPS) at the 2026 National Pension Commission (PenCom) Summit and Awards in Abuja.
Hon. Rafiu described the recognition as an encouragement to sustain ongoing reforms and strengthen institutional mechanisms for effective pension administration, noting that the achievement reflects the State Government’s commitment to improving the welfare of workers and retirees. He assured that the Board would intensify efforts towards improving CPS implementation through effective coordination, increased enrolment and sustained engagement with Pension Fund Administrators to ensure a more efficient and sustainable pension system in the State.
The award was presented on Thursday, October 29, 2026, at the summit themed “Pension for All: Building a Secure Future Together.” Governor Seyi Makinde was represented by the Head of Service, Dr. Adenike Fasina, mni, who received the award on behalf of the State. The Oyo State delegation included the Head of Service, Oyo state Civil Service, Dr Adenike Fasina mni, the Chairman of the Local Government Pension Board, Hon. Akeem Ademola Ige; Permanent Secretary, Oyo State Post Service Board, Engr. Raheemat Abisola Adabanija, FNSE; Permanent Secretary, Policy and Strategy, Rev. Adesola; and Permanent Secretary, Career Management, Mr. Osungbekun.
Speaking at the summit, President Bola Ahmed Tinubu, represented by the Secretary to the Government of the Federation, Senator George Akume, reaffirmed the Federal Government’s commitment to pension security and retirees’ welfare. He described pension benefits as entitlements earned through years of service and stressed the need for prompt remittance of pension contributions by employers, while urging Pension Fund Administrators to prioritise contributors’ interests and safeguard their retirement savings.
In her keynote address, the Director-General of PenCom, Ms. Omolola Bridget Oloworaran, called for a more inclusive and responsive pension system capable of guaranteeing financial security and dignity in retirement. She emphasised the need to strengthen pension administration, promote sustainable savings and retirement planning, embrace digital transformation and adopt international best practices, citing the pension systems of Chile and Australia as useful examples. The summit also highlighted timely remittance of contributions, improved protection of pension funds, efficient administration of retirement benefits and expanded pension coverage as critical to building a sustainable pension system in Nigeria.
The summit, which formed part of the maiden National Pension Week, brought together Government officials, pension regulators and other industry stakeholders to deliberate on the future of pension administration in Nigeria. The discussions reinforced the position that pension goes beyond salary deductions, representing a collective commitment to workers’ future and the assurance of financial security and dignity in retirement.





