Governor Ademola Adeleke introduced a N2.9 billion pension bond to retirees from the Osun State Civil Service on Thursday.
The governor, in a press release issued by his spokesperson, Olawale Rasheed, revealed: “It’s on this route that I’ve additional authorized the discharge of one other tranche of bonds (N2,925,332,835.75). The breakdown is as follows: state retirees, N1,300,000,000; LG/main faculty retirees, N1,625,332,835.75.”
The governor additional reeled out the quantity the state governments had dedicated to pensions and gratuities from the inception of his administration to November 2023.
In response to him, on the state degree, which coated retirees from the civil service, parastatals, tertiary establishments, and UNIOSUN Educating Hospital, the state had paid contributory pension scheme to the tune of N7,444,851,618.16, whereas gratuities gulped N1,200, 000, 000 and month-to-month pension took N5,996,035,711, making a complete of N14,640,887,330.15
For native authorities and first faculty 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 month-to-month pension, making a complete of N13,500,787,199.44.
Whereas assuring that his administration has the individuals in thoughts, Adeleke maintained that he’ll proceed to mix the welfare of the individuals and staff with state-of-the-art infrastructure upgrades for the state.
“Osun is focused to be a Singapore of Nigeria,” the governor acknowledged.