Oyo State Increases Gratuity Payment to ₦1 Billion Monthly
The Oyo State government has increased its monthly gratuity payment to retirees and pensioners from ₦500 million to ₦1 billion, aiming to expedite disbursements.
This announcement was made via the state government’s official account on X, noting that the ₦1 billion will be allocated between state and local government retirees.
In August, the State Commissioner for Establishments and Training, Hon. Olusegun Olayiwola, announced the adoption of an electronic payment method for retirees. This was revealed during a three-day data-capturing exercise for retirees held at the Nigeria Union of Pensioners’ Building in Agbarigo, Onireke, Ibadan.
The Commissioner assured retirees that this new system would provide a seamless and secure payment process, minimizing potential disruptions. He explained that the initial data validation will cover retirees from June 2014 to December 2014, and from June 2019 to December 2019, with plans to include other retirees soon.
Olayiwola emphasized Governor Seyi Makinde’s commitment to fostering a beneficial relationship with the Nigerian Union of Pensioners, Oyo State Chapter, and other stakeholders to enhance the lives of retirees and all citizens in the state.
Dr. Olusegun Abatan, the State Secretary of the Nigerian Union of Pensioners, Oyo State Chapter, highlighted the benefits of e-payment for retirees, such as increased security, accuracy, and speed in the distribution of gratuities. He commended Governor Seyi Makinde for the prompt disbursement of gratuities since he took office in 2019.
In his closing remarks, the Permanent Secretary of the Ministry of Establishments and Training, Mr. Olajide Mamud Okesade, expressed gratitude to Governor Seyi Makinde, the Head of Service, and the Commissioner for their consistent and timely disbursement of wage awards to retirees and civil servants. He underscored the advantages of e-payment, which include enhanced security, quicker access to funds, and the elimination of risks and delays associated with physical checks, such as theft or loss. Read More
