FG Sets Aside ₦334.54bn for Contributory Pensions in 2026 Budget

The Federal Government has earmarked ₦334.54 billion for contributory pension payments across hundreds of federal agencies in the 2026 appropriation proposal submitted to the National Assembly.

The allocation covers pension contributions for more than 670 government entities, including ministries, departments, agencies, universities, teaching hospitals, and security formations.

A breakdown of the figures shows that police formations account for the largest share of the pension allocation, reflecting their size within the public service payroll. Other security agencies, including civil defence and correctional services, also received substantial provisions.

Smaller allocations were made to specialised institutions and programmes with limited staff strength.

The pension provision forms part of the government’s broader effort to meet statutory retirement obligations while maintaining consistency within the contributory pension framework.