HomePolitics#Adeleke: We Have Paid ₦12.7bn of Pension in One and Half Year...

#Adeleke: We Have Paid ₦12.7bn of Pension in One and Half Year to Beat APC’s 12-year Record

By HEADLINENEWS.NEWS Correspondent 

Governor Ademola Adeleke on Friday, claimed that his administration has surpassed the entire records of 12 years of the All Progressive Congress (APC) in pension payment with Twelve Billion and Seven billion naira plus within one and half years as against Eleven Billion and One Hundred million naira plus of the entire Twelve years of APC government.

Governor Adeleke made the disclosure amidst cheering responses of senior citizens as the state Governor again released another Four billion naira bond for retires at state and local levels.

Governor Adeleke said “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 (N12, 719,245,528,00).

“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 (N11,155,651,780.56) for gratuities at the State level.

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 (N6,488,876,324.58).

“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 (N6,053,547,675.49) 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 (N6,665,697,852.87) 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 (N1,588,405,004.85 ) 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 (N2,420,953,426.71). The total I am presenting as bind today for both states and local retirees is Four Billion, Nine Million, Three Hundred and Fifty Eight Thousand (N4,009,358,431.00)

“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 ( N11,150,871,889.00)”, the Governor affirmed.

He narrated further that “From 2022 to date, our government has paid One Billion, Eight Hundred Million Naira (N1,800,000,000.00) 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 (N2,519,080,056.62). 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 (N4,319,080,056.62)”, Mr Governor disclosed.

 

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