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Oyo: Makinde pays N180 million gratuity to 2013 retirees
He stated that those who have served diligently needed all the support they can get from the state.
He added that ordinarily, the payment of gratuity to retirees should come immediately after retirement, noting that he was honoured to present the symbolic cheques to beneficiaries who finished the processing of their retirement papers in 2013.
According to a statement signed by the Chief Press Secretary to Governor Makinde, Mr. Taiwo Adisa, Governor Makinde stated that despite the meagre resources available to the state, his administration would continue to bring relief to the entire workforce in the state and its senior citizens.
He said: “I welcome you to the symbolic presentation of cheques to retirees who finished the processing of their retirement papers in 2013. In total, 82 of these retirees will be paid their full retirement benefits.
“Seven years is a long time for anyone who could not work to wait to get paid their benefits. Such payment should ideally come immediately upon retirement and it is indeed disheartening that the previous administration did not do what was supposed to be done when it should be done.
“While I was crisscrossing the state in search of support for votes, what I heard from everyone including the pensioners, is that I should forget about what the previous administration did or did not do but focus on those things that we wanted to do. And this is why we will not dwell on what the previous administration did not do. We will focus on the things that we have to do and those things we want to do. We will take full responsibility even for things that they ought to have done but did not do.
“This administration remains committed to finishing whatever things the previous administrations have left undone, and these include payments of this nature.”
The governor maintained that the state has a backlog of N26 billion in unpaid gratuities for 6,274 pensioners in the state, adding that his administration has been making efforts to offset the alarming debt despite the limited sources of funds for the government.
“I give you a promise that as our economy is getting expanded, so also we will be adding more to what we need to pay to pensioners to ensure that we shorten the period within which we can offset this debt.
“When a child inherits fortune from his father, he will not reject it. In the same way, if he inherits debt, he is duty-bound to do something about it and that is what I just explained. We are doing something about it. We are aware of this debt even while going around for electioneering but what we did not know at that time was the capacity to pay and also how the finances of the state were being managed, prior to our coming on board,” the governor said.
He added: “As I said during my broadcast in commemoration of our administration’s one year in office, we have paid more gratuities and entitlements in one year than the previous administration did in eight years. This was possible because we increased monthly allocation for gratuities from N100 million to N180 million with effect from June 2019 and what this means is, we have committed one billion, nine hundred and eight million Naira (N1.908 billion) to this payment in the past one year with a total number of 886 retired civil servants, hospital workers, teaching and non-teaching staff benefitting.
“When we came in, we still had the gratuities arrears of 2011. Now, we have completed the arrears of 2011 and 2012 and we are now on 2013. I give you the assurance that we will keep paying off these debts and I know we will finish paying them.”
The governor reiterated the determination of his administration to ensure that everyone in the state feels the impact of governance.
Earlier, the Commissioner for Establishment and Training, Prof. Kehinde Sangodoyin said the increase in the release for payment of gratuity from One Hundred Million Naira (N100m) that was paid by the last administration to One Hundred and Eighty Million Naira (N180m) by the Makinde administration has alleviated the suffering of the helpless retirees and has gone a long way to project this administration as a people-centred government
Former Chairman of the Nigerian Communications Commission (NCC), Prof. Adeolu Akande, has extended warm felicitations to Barrister Sarafadeen Ali, the Senator representing Oyo South Senatorial district, on the occasion of his 61st birthday.
In a statement released on Saturday in Ibadan, the Oyo state capital, on Saturday, Akande lauded the lawmaker, describing him as a luminary whose life has been marked by distinguished service to the nation.
“Today, I join the world in celebrating you on your special day, as you mark 61 years of God’s abundant love and glorious impact on humanity,” the former NCC gaffer expressed.
He added, “I wish you many more years of God’s grace in your life.”
The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.
The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.
Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.
He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.
“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.
Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.
While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.
Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.
He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”
Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.
He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”
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