Ogun Govt Assures Pensioners Of Payment Of Gratuities, Sets-Aside Over N16bn For Pension, Others - EDU-BIZNEWS


Wednesday, December 15, 2021

Ogun Govt Assures Pensioners Of Payment Of Gratuities, Sets-Aside Over N16bn For Pension, Others

Ogun State Government has reassured  retired public servants in the State of its committment to the quarterly payment of outstanding gratuities and other entitlements to them, with over N16billion earmarked for the purpose in the coming fiscal year

The State Head of Service, Dr. Aigoro, who gave the assurance  while fielding questions from the State lawmakers during the on going budget defence at the Assembly Complex, Oke- Mosan, Abeokuta, explained that considering the volume of the outstandings, government had promised that the amount set aside to offset the entitlements would be increased as the State economy improves.

He pointed out that government was aware of the outstandings it inherited from the past administrations adding that efforts were being intesified to offset them.

Defending the budget estimate of his office, the Head of Service stated that Bureau of Service Matters plan to spend over N247m in the next fiscal year, out of which N94m would go for personnel, N70m for overhead and N83m was earmarked for capital expenditure.

Also, the Bureau of State Pensions disclosed that would continue to sustain the economic independence of 14,622 pensioners of the State by boosting access to necessary information on pension related issues, hence it planned to expend a total budget estimate of N16.052bn on pensions and gratuities of civil and public servants next year.

Giving the breakdown of the amount, he stated that a total of N14.052bn would go for the payment of pensions and N2bn would take care of gratuities.

Other agencies that defended their budget estimates before the lawmakers included the Public Service Transformation Office, Bureau of Establishments and Training as well as the Civil Service Commission.

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