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    MarketForces Africa » MarketForces News » Osun pays N12bn Pension Debt – Adeleke

    Osun pays N12bn Pension Debt – Adeleke

    Julius AlagbeBy Julius AlagbeNovember 27, 2024 News No Comments2 Mins Read
    Osun pays N12bn Pension Debt - Adeleke
    Ademola Adeleke, Osun State Governor
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    Osun pays N12bn Pension Debt – Adeleke

    Gov. Ademola Adeleke of Osun on Wednesday said his administration has paid N12bn pension debt in his two years as governor of the state.

    Adeleke made this known during his state broadcast to mark the two-year anniversary of his administration.

    While reeling out the achievements of his administration, Adeleke said his government has been able to settle pension debts and also constructed numerous roads as well as upgraded health centres.

    “In line with norms of accountability and responsibility to the electorate, I am obligated to render my stewardship midway into the life of our administration.

    “For the public service sector, our government has paid about N12 billion pension debt in two years, compared with 11 billion paid by the opposition for its 12 years in the government of the state.

    “We pursue a preventive health care policy that places emphasis on access to health care.

    “By today, our administration has upgraded 200 primary health care centres out of almost 400, with solar power, boreholes, and medical materials.

    “In the same vein, we conducted two major Imole medical outreachs with over 100 O00 beneficiaries.

    “The third edition is upcoming, even as we have enrolled 29,000 pensioners in the health insurance scheme to bankroll their healthcare,” he said.

    The governor said that 332 boreholes were also delivered across the 332 political wards in the state and that another 332 borehole project is ongoing.

    He said his administration is also reviving the farm settlements and implementing the new cocoa and cashew expansion initiatives, while 31 tractors had been bought to kick-start the state farm mechanisation plan.

    He said the University of Ilesa has also become a reality with take-off grants and accredited courses, while the rehabilitation of its internal roads are now ongoing.

    “For the Osun State University, four abandoned projects were completed, and a new anatomy laboratory was started and completed by our administration.

    “We rehabilitated 99 secondary schools, restarted the upgrade of the six technical colleges, and are about to issue letters of appointment to new teachers,” he said.

    He reassured citizens of the state of his administration’s commitment to complete all ongoing projects and continue to address the infrastructural and social needs of the people.#Osun pays N12bn Pension Debt – Adeleke#


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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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