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    MarketForces Africa » MarketForces News » Bago Settles N25bn Pension Arrears

    Bago Settles N25bn Pension Arrears

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiAugust 7, 2024 News No Comments2 Mins Read
    Bago Settles N25bn Pension Arrears
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    Bago Settles N25bn Pension Arrears

    Gov. Umaru Bago of Niger has approved N25 billion for payment of 21 years pension and gratuity arrears owed to both retired state and  local government workers in the state.

    Bago made the disclosure  during an interview with newsmen in Minna on Tuesday.

    The governor said that the approval of the sum to clear the arrears of pension and gratuity underscored his administration’s dedication to the welfare of the state’s retired civil servants after their meritorious service years.

    According to him, in addition to settling these long-standing arrears, his government has also paid N20,000 wage award to the civil servants across the board for the second time in two months.

    Bago also said that his administration had commenced the payment of all outstanding leave grants pending since 2018.

    “This move is a significant step towards alleviating the financial burden on the retirees.

    “Some have not received their pensions for over 20 years, leading to a considerable backlog,

    hence the payment process to continue in batches, starting from the retirees from the local government areas,” he said.

    According to the governor, his administration is committed to the prompt payment of pension in order to prevent accumulation as witnessed from previous administrations in the state.

    Bago also warned against any attempt to alter the serial numbers and files of the beneficiaries, saying that anyone found guilty of such actions would face severe consequences. #Bago Settles N25bn Pension Arrears

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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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