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    MarketForces Africa » MarketForces News » Ondo Govt Pays N3.2bn Gratuity to Pensioners

    Ondo Govt Pays N3.2bn Gratuity to Pensioners

    Olu AnisereBy Olu AnisereAugust 17, 2024 News No Comments2 Mins Read
    Ondo Govt Pays N3.2bn Gratuity to Pensioners
    Gov. Aiyedatiwa presenting cheque to Mr Adedayo Ajayi at the occasion
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    Ondo Govt Pays N3.2bn Gratuity to Pensioners

    The Ondo State Government on Friday began the payment of N3.2 billion outstanding gratuity to pensioners in the state.

    Speaking at the event in Akure, Gov. Lucky Aiyedatiwa, said that the N3.2 billion disbursement would offset the total gratuity owed the 2015 retirees under the State Pension Scheme.

    Aiyedatiwa said out of the amount, N1 billion would be used to offset the gratuity of local government 2012 and 2013 retirees, while N2.2 billion would be used to offset the 2015 gratuity of state pensioners.

    “Our well-conceived approach to gratuity payment is to tackle the frightening arrears which has, more or less, made our respectable retirees to lose hope.

    “By this sure and steady mode of bulk payment, all retirees should be rest assured that sooner than later, the backlog of gratuities would be fully paid.

    “We consider this a duty, despite other pressing financial commitments of government and the limited resources available,” the governor said.

    He promised that his administration would continue to provide basic infrastructure for the people of the state.

    “As our finances improve, more special interventions will be made to gradually defray the backlog of arrears of subsequent years, God willing.

    “Let me therefore, appeal to other retirees who are yet to have their turn, to be patient with the government, as they will be taken care of as soon as possible,” Aiyedatiwa said.

    Earlier, Mr Amidu Takuro, the Commissioner for Local Government and Chieftaincy Affairs, appreciated the governor for paying the outstanding gratuity.

    Takuro, while acknowledging the hardships retirees in the state are facing, highlighted the governor’s concerns for their well-being.

    The Chairman of Nigeria Union of Pensioners (NUP) in the States, Mr Johnson Osunyemi, also commended the governor for paying the outstanding gratuity.

    One of the beneficiaries, Mr Adedayo Ajayi, thanked the governor for paying outstanding gratuity. #Ondo Govt Pays N3.2bn Gratuity to Pensioners

    We’ve not Shut Down, Committed to Paying Claims – African Alliance

    Ondo state
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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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