Governor Ademola Adeleke presented a N2.9 billion pension bond to retirees from the Osun State Civil Service on Thursday.

The governor, in a statement issued by his spokesperson, Olawale Rasheed, revealed: “It is in this direction that I have further approved the release of another tranche of bonds (N2,925,332,835.75). The breakdown is as follows: state retirees, N1,300,000,000; LG/primary school retirees, N1,625,332,835.75.”

The governor further reeled out the amount the state governments had committed to pensions and gratuities from the inception of his administration to November 2023.

According to him, at the state level, which covered retirees from the civil service, parastatals, tertiary institutions, and UNIOSUN Teaching Hospital, the state had paid contributory pension scheme to the tune of N7,444,851,618.16, while gratuities gulped N1,200, 000, 000 and monthly pension took N5,996,035,711, making a total of N14,640,887,330.15

For local government and primary school retirees, the state had spent N7,384,178,016.83 on contributory pension scheme, N1,950,000,000 on gratuities and N4,166,609,182.61 on monthly pension, making a total of N13,500,787,199.44.

While assuring that his administration has the people in mind, Adeleke maintained that he will continue to combine the welfare of the people and workers with state-of-the-art infrastructure upgrades for the state.

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

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

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