HomeNIGERIAN250 million released for pension – Ekiti State

N250 million released for pension – Ekiti State

The sum of N250million has been released by the Ekiti State government for the payment of outstanding pension of 86 retirees in the state.

The Acting Executive Secretary, Ekiti Pension Transitional Arrangement, Mr Francis Omotoso, who made this known in Ado-Ekiti, said the money was released by Governor Kayode Fayemi’s administration to enable them pay up the outstanding retirement benefits for pensioners.

He added that the money would be used to clear the outstanding balance of pension for May and June.
Omotoso said that the initial plan aimed at paying the backlog of retirees’ gratuities through a negotiated discount process had been reversed.

He stressed the government’s commitment to the welfare of the people, particularly the elderly who had served the state meritoriously.

He further noted that the governor had promised to regularly release N250 million for payment of pensions until outstanding retirement benefits were cleared.

The State Head of Service, Mrs Peju Babafemi, advised the affected pensioners to use their resources judiciously and expand them on veritable ventures that would improve their lives. Babafemi noted that if the pensioners’ resources are well managed they would be able to comfortably take care of their families.

The Chairman, Nigeria Union of Pensioners, Ekiti chapter, Mr Joel Akinola, on his part, applauded the government for its efforts at improving the lots of pensioners in the state.

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