Pensions: Gov. Adeleke disburses N12.7bn in 18months

By Deborah Oladejo, Osogbo

Osun State Governor, Ademola Adeleke has disclosed that his administration has disbursed a total of N12.7 billion in pension payments within 18 months in office, compared to the N11.1 billion allegedly paid out of the 12years rule of the All Progressives Congress (APC).

Adeleke made the disclosure on Friday in Osogbo, when he released another N4billion for retires at State and local levels.

The Governor, further said that, “For my administration,  the amount of bonds released from December 2022 to date across State and LGAs is Twelve Billion, Seven Hundred and Nineteen Million, Two Hundred and Forty Five Naira.

“I invite us all to note that the administration of my two predecessors for 12 years paid Eleven billion, One Hundred and Fifty Five Million, Six Hundred and Fifty One Thousand, Seven Hundred and Eight Hundred Naira for gratuities at the State level. At the local level, the two previous governments for twelve years paid Six billion, Four Hundred and Eighty Eight Million, Eight Hundred and Seventy Six Thousand,  Three Hundred and Twenty Four Naira.

“On presentation of bond to retirees from December 2022 to date, our government has presented bond worth Six Billion, Fifty Three Million, Five Hundred and Forty Seven Thousand,  Six Hundred and Seventy Five Naira for 930 Retirees.

“From December 2022 to date, including that of today, the amount paid  is Six Billion , Six Hundred and Sixty Five Million, Six Hundred and Ninety Seven Thousand, Eight Hundred and Fifty Two Naira for 1,355 retirees.

“Today, I am presenting a total of One Billion , Five Hundred and Eighty Eight Million, Four Hundred and Five Million and Four Naira for 247 retirees at state level. For local level, a total of Two Billion , Four Hundred and Twenty Million, Nine Hundred and Fifty Three Thousand,  Four Hundred and Twenty Six Naira. The total I am presenting as bond today for both States and Local retirees is Four Billion, Nine Million, Three Hundred and Fifty Eight Thousand.

“I invite us to note as I did on the gratuities payment comparison that my two predecessor for 12 years released bond worth Eleven Billion, One Hundred and Fifty Million, Eight Hundred and Seventy One Naira”, the Governor affirmed.

He narrated further that “From 2022 to date, our government has paid One Billion, Eight Hundred Million Naira as gratuities to civil servants, Tertiary Institutions, Parastatals and Secondary Schools at the state level.

“Within the same period, our government has paid local government and primary school retirees a total of Two Billion , Five Hundred and Fifteen Million, Eighty Thousand and Fifty Six Naira. The total for states and local governments from 2022 to date is Four Billion, Three Hundred and Nineteen Million, Eighty Thousand and Fifty Six Naira.”

Adeleke provides further breakdown:

• Gratuities paid from December 2022 to date at the State level   =    N1.8billion

• Gratuities paid at the local level from December 2022 to date    =    N2,519,080,056.62

• Total for both State and local level                                                      =N4,319,080,056.62

Bonds

• Bonds released at the State level from December 2022 to date     =N6,053,547,675.49

• At the local level                                                                                =N6,665,697,852.87

• Total to date for both local and State levels from

 ▪︎ For my December 2022 to date   = N12,719,245,528.00 while  for my two predecessor,  the total is  N11,150,871,889.00.