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    MarketForces Africa » MarketForces News » Eno Approves N6.43bn for Payment of Gratuities

    Eno Approves N6.43bn for Payment of Gratuities

    Julius AlagbeBy Julius AlagbeSeptember 4, 2024 News No Comments2 Mins Read
    Eno Approves N6.43bn for Payment of Gratuities
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    Eno Approves N6.43bn for Payment of Gratuities

    Gov. Umo Eno of Akwa Ibom, has approved N6.43 billion for the payment of gratuities and other entitlements meant for retirees in the state.

    Mr Ekerete Udoh, the Governor’s Chief Press Secretary, said in a statement in Uyo on Wednesday that the gesture was part of Eno’s promise to enhance retirees’ welfare.

    “The governor promised to regularly set aside substantial amount of money for the payment of gratuities and other entitlements to retirees in the state.

    “The latest approval brings the amount so far disbursed for gratuity and other entitlements to about N28 billion,” he said.

    Udoh expressed the commitment of the Eno-led government to fulfill the promises outlined in the ARISE Agenda.

    “The government is maintaining all the infrastructure and facilities put in place by previous administrations.

    “The focus now is to grow the people, improve their material wellbeing, and accelerate developments in rural areas,” he said.

    The governor’s spokesman said that the state government had donated no fewer than 36 fully-furnished two-bedroom apartments to indigent and vulnerable people.

    “Additional 164 two-bedroom bungalows are currently under construction. Plans are underway to hand over 200 units of housing during the second year in office.

    “The intention is to hand over about 400 units of two-bedroom apartments to vulnerable families before the end of the tenure,” he said.

    He said that 150 units of housing at the Grace Homes Estate, would soon be given out to civil servants of between Grade Levels one and eight.

    Udoh said that through the ARISE Elderly Care Initiatives, N50,000 was been given out monthly to 600 elders selected from the 368 wards in the state.

    He said that the Eno-led government was deeply committed to prudent utilisation of resources in the interest of the people’s wellbeing. #Eno Approves N6.43bn for Payment of Gratuities

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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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