In a significant decision, President Bola Tinubu has vetoed the harmonized retirement bill for National Assembly staff, which sought to extend their service years by five additional years. The proposed legislation aimed to increase the retirement age from 60 to 65 years or 40 years of service.
Citing thorough examination and extensive consultation, Tinubu withheld his assent to the bill, sparking diverse reactions from stakeholders. The president’s decision underscores his commitment to fiscal responsibility and prudent management of Nigeria’s resources.
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In a letter to lawmakers, read by Senate President GodsWill Akpabio, Tinubu explained, “After careful consideration and thorough examination, I have resolved to withhold my assent to this bill, as empowered by the Constitution of the Federal Republic of Nigeria.”
Tinubu acknowledged the Senate’s diligent efforts, stating, “I appreciate the Senate’s hard work in drafting and passing this bill. I trust that this decision will be received with understanding and acceptance.”
The vetoed bill had previously sparked controversy among lawmakers, with the Senate initially rejecting it before reconsidering and passing it. The proposed extension had raised concerns about its potential impact on the pension scheme and the tenure of certain staff members.
Tinubu’s decision demonstrates his dedication to prioritizing Nigeria’s fiscal well-being and ensuring responsible governance.
