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    MarketForces Africa » MarketForces News » Gombe Govt Earmarks N5.2bn for Payment of Retirees’ Gratuities

    Gombe Govt Earmarks N5.2bn for Payment of Retirees’ Gratuities

    Julius AlagbeBy Julius AlagbeFebruary 21, 2024 News No Comments2 Mins Read
    Gombe Govt Earmarks N5.2bn for Payment of Retirees’ Gratuities
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    Gombe Govt Earmarks N5.2bn for Payment of Retirees’ Gratuities

    Gombe State government has earmarked more than N5.2 billion for the payment of gratuity to both local and state governments retirees.

    Alhaji Abdulkadir Waziri, the Commissioner for Local Government and Community Development, disclosed this to newsmen, shortly after the State Executive Council Meeting, on Wednesday in Gombe.

    Waziri said out of the money, N3 billion would be paid to local government retirees, while N2.2 billion would go to state retirees.

    The Commissioner said the state government would settle the backlog of 2018 to 2022,

    Be explained that the local government retirees’ would not be across board, as it would depend on their capacity.

    ”Some will be settled for two years and others more than two years,” he explained.

    Also speaking, Alhaji Salisu Baba-Alkali, the Commissioner for Budget and Economic Planning, said the state’s executive council, had approved a five-year nutritional policy.

    Baba-Alkali said it was aimed at improving children’s nutrition, as well as reducing the number of malnourished ones.

    “If the children are not fed well, the future of the state will not be secured, they are the leaders of tomorrow.

    “Gov. Inuwa Yahaya always looks into the future and provides solutions before it’s too late,” he said.

    He said that the project, in partnership with various donor agencies and counterpart funding from the state government, would gulp about N3 billion. #Gombe Govt Earmarks N5.2bn for Payment of Retirees’ 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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