Business News of Wednesday, 27 November 2024

Source: www.mynigeria.com

My pension payment has surpassed predecessors’ efforts - Governor Adeleke

Ademola Adeleke Ademola Adeleke

The governor of Osun state, Ademola Adeleke, has said that his administration has paid a total of over 47 billion naira as pension to retirees since he assumed office in November 2022.

According to Governor Adeleke, this has surpassed the total N34.4 billion paid by his predecessors, Rauf Aregbesola and Adegboyega Oyetola in 12 years.

He made the statement on Monday, November 25, 2024 in Osogbo while presenting bond certificates worth N1.9 billion to contributory pensioners from state and local government services.

He said: “Former Governor Aregbesola’s payment as of 2018 totalled N17.15bn, while former Governor Oyetola’s payment as of 2022 amounted to N17.25bn.

"Together, the two administrations paid N34.4bn over 12 years.

“In just two years, my administration has paid N22.67bn for state pensions and N25bn for local government pensions, bringing the total to over N47bn.

“This means we have paid almost 70 per cent of what the previous APC administrations paid in 12 years, within just two years.”

The governor added that his administration is dedicated to the well-being of pensioners.

He stated: “The well-being of our senior citizens remains at the core of our policies.

“We are committed to ensuring that pensioners are treated with the dignity and timeliness they deserve."