Gov Adeleke presents N2.9bn bonds for pensions, gratuities

Governor Ademola Adeleke of Osun State has made a significant financial commitment to retirees of the state’s civil service by presenting a N2.9 billion pension bond. This announcement was made through a statement by his spokesperson, Olawale Rasheed.InformationGuideNigeria

The pension bond, amounting to N2,925,332,835.75, is divided between state retirees, who will receive N1.3 billion, and local government/primary school retirees, who are allocated N1.625 billion. This allocation underscores the governor’s commitment to addressing the welfare of retired state employees.JAMB Result

Governor Adeleke also provided a detailed account of the funds the state government has dedicated to pensions and gratuities since the inception of his administration until November 2023. For state-level retirees, including those from civil service, parastatals, tertiary institutions, and UNIOSUN Teaching Hospital, the state has expended N7.444 billion on the contributory pension scheme, N1.2 billion on gratuities, and about N6 billion on monthly pensions, totaling approximately N14.641 billion.NYSC Portal

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Similarly, for local government and primary school retirees, the state’s expenditure includes N7.384 billion on the contributory pension scheme, N1.95 billion on gratuities, and N4.167 billion on monthly pensions, cumulatively amounting to about N13.501 billion.

Governor Adeleke reaffirmed his administration’s commitment to balancing the welfare of the people and state employees with the advancement of infrastructure in Osun State.JAMB Portal

“Osun is targeted to be a Singapore of Nigeria,” the governor stated.

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