The Chairman of the Oyo State Local Government Staff Pension Board Hon Akeem Ademola Ige has expressed his heartfelt gratitude to the Executive Governor of Oyo State, His Excellency, Engr Oluseyi Abiodun Makinde for increasing the monthly payment of pension and gratuity to state and local government retirees to One billion naira ( #1b) with effect from July 2024.
Hon Akeem Ige in a statement made available to journalists said ” our amiable Governor has always been pensioners friendly, their welfare is paramount to him and that was why he announced the approval of the increase from Two Hundred and Fifty Million Naira (#250m ) to Five Hundred Million Naira (#500m) for retired primary school teachers, Local government retirees and from Two hundred and six million naira (#206m) to Five Hundred million naira (#500m ) for State retirees totaling One Billion (#1b) naira every month with effect from July 2024. “This is unprecedented and calls for applause to the people’s governor Engr Oluseyi Abiodun Makinde.
” This is in addition to the monthly payment of pension on the 25th of every month, payment of wage award and other welfare packages that Oyo State Pensioners are enjoying since the inception of this present administration.”
Hon Akeem Ige also thanked the Governor for payment of Eighteen billion naira to retired primary school teachers and local government retirees out of inherited backlog of gratuity from previous administrations .
The Chairman therefore urged all pensioners in the pacesetter state to continue to support and cooperate with the present government led by His Excellency Engr Oluseyi Abiodun Makinde in order to enjoy more dividends of democracy.
