Economy

By Funmi Ojo

Osun State Governor, Senator Ademola Adeleke says his administration has paid gratuities a total sum of N4,319,080,056.62 to State local government retirees from December 2022 to date.

Governor Adeleke who stated this at the presentation of 1.5 billion naira Bond Certificates to Pensioners in Osun said total Bonds released to State and local government retirees from December 2022 to date is 12.7 billion naira.

He noted that the total of the bonds surpassed the the total of 11.1 billion naira bonds released in 12 years of past administrations.

“On presentation of bond to retirees from December 2022 to date, our government has presented bond worth Six Billion, Fifty Three Million, Five Hundred and Forty Seven Thousand, Six Hundred and Seventy Five Naira (N6,053,547,675.49) for 930 Retirees.

“From December 2022 to date, including that of today, the amount paid is Six Billion , Six Hundred and Sixty Five Million, Six Hundred and Ninety Seven Thousand, Eight Hundred and Fifty Two Naira (N6,665,697,852.87) for 1,355 retirees.

“Today, I am presenting a total of One Billion , Five Hundred and Eighty Eight Million, Four Hundred and Five Million and Four Naira (N1,588,405,004.85 ) for 247 retirees at state level. For local level, a total of Two Billion , Four Hundred and Twenty Million, Nine Hundred and Fifty Three Thousand, Four Hundred and Twenty Six Naira (N2,420,953,426.71). The total I am presenting as bond today for both states and local retirees is Four Billion, Nine Million, Three Hundred and Fifty Eight Thousand (N4,009,358,431.00)

“I invite us to note as I did on the gratuities payment comparison that my two predecessor for 12 years released bond worth Eleven Billion, One Hundred and Fifty Million, Eight Hundred and Seventy One Naira (N11,150,871,889.00)”, the Governor affirmed.

Governor Adeleke who commended the Head of Service for his ingenuity and efficiency said his administration achieved the uncommon feat by thinking out of the box and by personal sacrifices among his team.

“One method that we employed was to approve the recommendation of the Head of Service to improve on the monthly releases for gratuities and bonds so that we can accommodate as many as we can on a monthly basis. And so what we did was to increase such monthly by 100%. As we speak, regular and full payment of pensions continue unabated”.

Governor Adeleke while reaffirming his government’s commitment to upholding workers’ welfare as the number one priority on his governance agenda, said he will devote time to paying off the pension and half salary debt while also providing succor to the workforce.

Earlier, the Head of Service, Mr. Leye Aina said the Governor was committed to putting smiles on the faces of civil servants and retirees.

In their separate remarks, the representatives of the pensioners, Mr. Gbenga Oyadare and Alhaji Oluwatoyin Ayinde commended Governor Adeleke for not neglecting the retirees by paying their pensions and wage award as and when due.

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