Ogun Govt spends N82bn on pensions, gratuities in 36 months
Ogun State Government has disclosed that it spent N82 billion on payment of pensions and gratuities to state and local government retirees between June 2019 and June 2022.
Governor Dapo Abiodun of Ogun State made this known at an interactive session with workers at the June 12 Cultural Centre, Kuto, Abeokuta.
Abiodun further said that out of the N18 billion outstanding Global Cooperative deductions, the state government had paid N12 billion. He pledged to pay the balance of six billion naira in the coming months. The global cooperative deductions, were part of the debt profile inherited from past administration.
The governor attributed the inability of his government to pay the deductions and other entitlements, to the increase in the wage bill of the state to N700 million due to the implementation of the new minimum wage.
“The state government in the last three and a half years, explored various financial options rather than imposing additional taxes on the people. As you all know, our state was the first to implement the N30,000 minimum wage and this increased our monthly wage bill by N700 million. This additional wage bill has affected our plan which was to settle all outstanding commitment with our workforce,” he said.
Source: NAN
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