Ogun State Government,Workers welfare, our priority, Clears 8-Year Pension, Gratuity Backlog

 






By allcitynews.ng 



The Ogun State Government has announced the clearance of pension and gratuity arrears owed to workers who retired between 2012 and 2020, just it reaffirmed its commitment to the welfare of retirees.


The Economic Adviser and Commissioner for Finance, Dapo Okubadejo, disclosed this on Tuesday during a media parley organised by the Ogun State Ministry of Budget and Planning.


The commissioner explained that the backlog was linked to the Defined Benefits Scheme, under which retirees receive monthly pension payments, stressing that the present administration of Governor Dapo Abiodun has not defaulted on pension obligations since assuming office.


"Since the inception of this administration, we have not missed a single month of pension payment. What we inherited were arrears tied to the Defined Benefits Scheme," Okubadejo said.


According to him, annual pension payments rose from ₦6.7 billion in 2019 to ₦20 billion in 2025, with projections showing a possible increase to ₦40 billion by 2029.


Okubadejo disclosed that the state has so far paid ₦23.3 billion in gratuities covering retirees from 2012 to 2020, alongside ₦32.8 billion in outstanding gratuities for local government retirees inherited by the administration.


The commissioner added that between 2019 and July 2, 2025, the state disbursed ₦93.26 billion in pensions under the Defined Benefits Scheme and ₦94.78 billion to local government pensioners.


He assured that the remaining backlog would be cleared as Internally Generated Revenue (IGR) continues to improve, noting that over 300 workers who retired in July 2025 are currently receiving six-month palliatives pending the completion of their pension documentation.


Okubadejo also described the newly approved Additional Pension Benefits (APB) as the first of its kind in Nigeria, adding that amendments to the state’s pension law would be pursued to formally integrate the scheme.


On the state’s fiscal outlook, the commissioner revealed that the 2026 Budget increased from ₦1.054 trillion in 2025 to ₦1.668 trillion, while Ogun’s economy expanded from ₦3.5 trillion in 2019 to ₦18.96 trillion in 2026, adding that IGR grew from ₦50 billion in 2019 to ₦240 billion in 2025, with projections of ₦512 billion this year.


Also speaking, the Commissioner for Budget and Planning, Olaolu Olabimtan, said the 2026 Budget reflected strong fiscal reforms, noting an 85 per cent budget execution rate in 2024 and sustained financial stability.


Other commissioners at the briefing highlighted sectoral achievements, including massive road construction, increased healthcare funding, rail extension plans, education support programmes, and expanded housing projects across the state.


ADVERTISE Your Brand with us. Send us your press invite, Press Release/Have Breaking story with pictorial evidence? Or wants to assist us by DONATIONS? kindly contact us via  09159744240/allcitynews86@gmail.com


Goal of allcitynews.ng/allcitynews.blogspot.com:-

To interface between policy makers & general public, be most influential, informative and reliable issues-based online newspaper.


Disclaimer:

Comments expressed here do not in anyway reflect the opinions of allcitynews.ng or any employee thereof.


9

Comments

Post a Comment

Popular posts from this blog

𝐅𝐮𝐥𝐥 𝐍𝐚𝐦𝐞𝐬 𝐎𝐟 𝟏𝟔 𝐎𝐟𝐟𝐢𝐜𝐞𝐫𝐬 𝐈𝐧𝐝𝐢𝐜𝐭𝐞𝐝 𝐈𝐧 𝐀𝐥𝐥𝐞𝐠𝐞𝐝 𝐂𝐨𝐮𝐩 𝐏𝐥𝐨𝐭 𝐀𝐠𝐚𝐢𝐧𝐬𝐭 President Bola Ahmed 𝐓𝐢𝐧𝐮𝐛𝐮

Image
  The Defence Headquarters (DHQ) has released the full list of 16 officers of the Armed Forces of Nigeria who were indicted by a Special Investigative Panel over allegations of serious misconduct, including an alleged plot to overthrow the government of President Bola Tinubu. The Director of Defence Information, Major General Samaila Uba, disclosed on Monday that the panel had concluded its investigation and found that several of the officers had cases to answer. He said the affected personnel would now face a military Court Martial in line with established procedures and extant regulations. Major Gen. Uba said the investigation examined the circumstances surrounding the conduct of the officers and identified actions that were “inconsistent with the ethics, values and professional standards expected of members of the Armed Forces of Nigeria,” stressing that the process was purely disciplinary and aimed at preserving internal discipline, cohesion and operational effectiveness. Below...
Read more

BRT Mass Transist, Commuters lament against new style, describe new system as strange, anti-people

Image
  Passengers on  queue waiting by the side of BRT  without  being allowed to enter  on  Tuesday 17 June  By allcitynews.ng Passengers are facing toughest period in history of public transportation in Lagos State, as the management team of Lagos Bus Rapid Transit (BRT) suddenly injected unfriendly operating system. The BRT, being regulated by the Lagos Metropolitan Area Transport Authority (LAMATA) suddenly brought in, a change in the way the public mass transist,  being operated by Primero Transport Services Limited introduced strange way whereby passengers are meant to stay in long queues inside hot weather or  inside raining period. Allcitynews.ng findings discovered that the new style, mostly being used in Tafawa Balewa Square, Leventis Bus- Stop, Yaba and Berger Bus terminals, is applicable to commuters on Ojodu Berger along Lagos-Ibadan Expressway Road route. Passengers standing inside the bus, 17/06/25 In a chat with allcitynews.ng...
Read more

How God of MFM gave me turnaround breakthroughs, kunu seller, now Super Falcons Captain, Rasheedat Ajibade

Image
   By allcitynews.blog  In apparent bid to give all the glory and praise to God Almighty for using Mountain of Fire and Miracles Ministries as tool for her turnaround breakthroughs, Captain of the Super Falcons’ at the just concluded WAFCON Cup, Rasheedat Ajibade, stormed the monthly Power Must Change Hands (PMCH)  taking place in Mountain of Fire and Miracles Ministries, Prayer City with the  story of how God through Dr Daniel Kolawole Olukoya and his wife, Dr Shade Olukoya ministrations, changed her from "nobody to somebody". Announcing the wonderfulness of God during the August PMCH on Saturday August 2, 2025, to the large congregations that took part physically and those that hooked to the programme via social media,  Ajibade she narrated her grass to grace story while celebrating their victory at WAFCON 2025 in Morocco. In her testimony, she pointed out that her growth and exposure to spiritual warfare through her mother and the General Overseer of MFM...
Read more