Connect with us

Hi, what are you looking for?

News

EKITI EXPENDS #3.9 BILLION ON PENSION…as Fayemi pays another #100 Million for gratuity

Ekiti State Governor, Dr Kayode Fayemi has disclosed that his administration has expended a sum of #3.9 Billion on monthly payment of pensions between October 2018 and June 2019.

He also stated that a total of N549 million has been paid till date to clear part of the pension arrears inherited from the immediate past administration of Mr Ayodele Fayose.

The governor made the disclosure in Ado-Ekiti on Wednesday while distributing cheques worth #100 Million as gratuity to 61 local government and primary schools retirees.

Dr. Fayemi said the steps taken towards clearing the backlog of gratuity is a testament to the desire of his administration to ensure that those who had spent their productive age in serving the State do not suffer after their retirement.

“It is a fact that outstanding gratuity debt profile is running to billions of naira, but it is my belief that a journey of one thousand miles starts with a step. Based on this premise, we are starting with the release of one hundred million naira (N100,000,000) for the offset of the outstanding gratuity. In spite of paucity of fund, I have mandated the quarterly release of fund for the payment of gratuity to retirees of Local Government and Primary Schools of Ekiti State”, he said.

While promising to alleviate the sufferings of the pensioners by making regular payment of their exit benefits a top priority, the governor stated that their entitlements would be paid within available resources.

Fayemi said his government is not unmindful of those who had passed on in the cause of waiting for their entitlements; saying this is regrettable.

“I urge the beneficiaries of this tranche of the payment to take advantage of the talks on financial prudence already shared with you and utilise the fund judiciously for a blissful retirement. I enjoin others to keep faith with our administration as we are poised to fulfil all our promises to the people of the State, and of utmost importance is your gratuity”, the governor said.

Latest Posts

News

Maradona’s manager and friend Stefano Cessi said the legend ‘was tired and let himself die’ while the family around him was ‘tearing each other’s...

Sports

The lawyer Angelo Pisani is the man who saved Diego Armando Maradona from the clutches of the Italian tax authorities by giving the ‘Pibe...

News

South Korea said its intelligence agency has foiled North Korean attempts to hack into its companies developing coronavirus vaccines. The News1 agency reported this...

News

The National Insurance Commission (NAICOM) has licensed five new insurance companies to operate in the Nigerian Insurance market. The five new companies comprises four...

News

The Supreme Court on Friday dismissed an application by an oil giant, Shell Petroleum Development Company, requesting a revisit of a January 11, 2019...

You May Also Like

Politics

Indications have emerged that the National leader of the All Progressive Congress (APC) Asiwaju Bola Ahmed Tinubu may have shifted allegiance from his party’s...

News

Former Emir Of Kano, Sanusi Lamido Sanusi may have put his dethronement in March this year, as the traditional head of the ancient Northern...

News

Popular gospel act, Lanre Teriba aka Atorise is presently in an unstable condition following injuries he sustained during an attack in Lagos at the...

News

Good morning Gentlemen of the Press and thank you for honouring our invitation. Let me start by appreciating the Inspector General of Police, IGP...