Pensions: I’ve outperformed my predecessors, says Adeleke

Osun State Governor, Ademola Adeleke, said on Monday that his administration had disbursed over N47 billion in gratuity payments to retirees since taking office in November 2022, surpassing the combined records of his two immediate successors, Rauf Aregbesola and Adegboyega Oyetola, who paid N34.4bn over 12 years.

Speaking at an event in Osogbo where bond certificates worth N1.9bn were presented to contributory pensioners from state and local government services, Adeleke emphasised his administration’s commitment to addressing the challenges facing pensioners.

Reflecting on the gratuity payments by previous administrations, Adeleke stated, “Former Governor Aregbesola’s payment as of 2018 totalled N17.15bn, while former Governor Oyetola’s payment as of 2022 amounted to N17.25bn. Together, the two administrations paid N34.4bn over 12 years.

“In just two years, my administration has paid N22.67bn for state pensions and N25bn for local government pensions, bringing the total to over N47bn. This means we have paid almost 70 per cent of what the previous APC administrations paid in 12 years, within just two years.”

The governor reaffirmed his administration’s dedication to pension reforms, vowing to address personal grievances and improve the pension administration system.

“We are committed to ensuring that pensioners are treated with the dignity and timeliness they deserve,” he said.

The presentation of bond certificates was part of the state government’s broader efforts to standardise pension administration and provide retirees with financial security.

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

Contact: [email protected]