Ekiti Govt releases N250m for retirement – PensionNigeria

Ekiti Govt releases N250m for retirement

Ekiti State government on Tuesday released N250 million for the payment of exceptional pensions to an additional group of 86 retirees in the state.

The Nigeria News Agency (NAN) reports that the amount is part of the monthly releases from Governor Kayode Fayemi‘s administration for the settlement of overdue pension benefits for retirees.

Mr. Francis Omotoso, Acting Executive Secretary of the Ekiti Transitional Pensions Department (PTAD), made this known during a press conference in Ado-Ekiti.

According to Omotoso, the 250 million naira will be used to offset the unpaid pension balance for May and June.

He said the previously proposed plan to further pay the backlog of retiree gratuities through a negotiated discount process had been scrapped.

The governor said this in accordance with the request of relevant stakeholders who rejected the idea.

The boss of the PTAD reiterated the government’s commitment to the well-being of the population, especially the elderly who had served the state with merit.

Omotoso noted that the governor had promised to regularly release installments of 250 million naira for the payment of pensions until all outstanding pension benefits are cleared.

In her remarks, the head of state service, Ms Peju Babafemi, advised affected retirees to be careful with their resources and devote them to real businesses that would improve their lives.

Babafemi stressed that if retirees planned and managed their businesses properly, it would guarantee them a stable and comfortable future for themselves and their families.

She said the state government’s commitment to the general welfare of retirees in the state is laudable.

She urged retirees to continue supporting the efforts of the current administration to rapidly develop the state and improve the lot of the people.

One of the retirees, Ms Akintade Margret, also praised the current administration’s commitment to their well-being.

In addition, the President of the Nigeria Retirees Union, Ekiti Section, Mr. Joel Akinola, expressed his gratitude to the government for its “relentless efforts to improve the lot of retirees in the state”.


Support PensionNigeria financially here, empower us to do more independent analysis of the Pension Industry in Nigeria

Subscribe to PensionNigeria Weekly Newsletter to ensure you don’t miss any post Click here to Subscribe

Pension is Your Right,
An Insurance for Old Age
Follow PensionNigeria on Social Media LinkedIn Twitter Instagram Facebook YouTube

error: Content is protected.