Osun State Governor Ademola Adeleke announced his administration has disbursed over ₦47 billion in gratuity payments to retirees since taking office in November 2022.
The figure surpasses the ₦34.4 billion paid by his two predecessors, Rauf Aregbesola and Adegboyega Oyetola, during their combined 12-year tenure. Speaking at an event in Osogbo on Monday, where bond certificates worth ₦1.9 billion were presented to contributory pensioners, Adeleke highlighted his administration’s efforts to address pension-related issues.
“Former Governor Aregbesola’s payments totalled ₦17.15 billion by 2018, and former Governor Oyetola’s reached ₦17.25 billion by 2022. Together, they paid ₦34.4 billion over 12 years. In just two years, my administration has paid ₦22.67 billion for state pensions and ₦25 billion for local government pensions, totaling over ₦47 billion,” Adeleke said.
The governor stressed his commitment to pension reforms and addressing retirees’ concerns, vowing to improve the pension system and ensure that retirees receive their entitlements on time and with respect.
The bond certificate presentation is part of the state government’s broader strategy to improve pension administration and provide financial security for retirees.
