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    MarketForces Africa » MarketForces News » Oyo State Cancels N4,000 Retirement Form Fee

    Oyo State Cancels N4,000 Retirement Form Fee

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiNovember 29, 2024Updated:November 29, 2024 News No Comments2 Mins Read
    Oyo State Cancels N4,000 Retirement Form Fee
    Seyi Makinde, Oyo State Governor
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    Oyo State Cancels N4,000 Retirement Form Fee

    The Oyo State government has cancelled the collection of N4,000 as administrative fee for retirement form.

    This is contained in a statement issued on Friday in Ibadan by the Commissioner for Establishments and Training, Mr Olusegun Olayiwola.

    Olayiwola, citing Gov. Seyi Makinde’s commitment to enhancing retirees’ welfare, said the cancellation was aimed at alleviating financial burdens on civil servants.

    “Before now, retirees were required to pay N4 000 to access the retirement form at the Ministry of Establishments and Training.

    “However, with the governor’s directive, an electronic form has been designed online at no cost to retirees,” the commissioner said.

    He said that the decision to cancel the payment reflected the governor’s efforts to prioritise retirees’ well-being.

    Olayiwola emphasized that the decision was a significant step toward reducing financial stress on retirees.

    “It also underscores the government’s dedication to streamlining process and eliminating unnecessary costs,” the commissioner said.

    He recalled that Makinde’s administration increased the gratuity payment to N500 million monthly from the N250 million, saying this had jacked up the number of retirees that receive their gratuity monthly, seamless and problem-free.

    Olayiwola said that recently, Oyo State government initiated e-payment of gratuity benefits, which was seamless and secure for transactions. #Oyo State Cancels N4,000 Retirement Form Fee#

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    Oyo State
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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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