Home West African News Nigeria News Ogun Proposes to Spend N7B on Pensions and Gratuities

Ogun Proposes to Spend N7B on Pensions and Gratuities

 

Determined to make living more meaningful for its pensioners, the Ogun State Government plans to expend the sum of N7b to clear outstanding pensions and gratuities in the next fiscal year.
 
In the same vein, the sum of N2b is being proposed for remittance into the account of various Pension Administrators as government’s 7.5% share of the contributory pension scheme for its workers during the same period.
 
All these were made public by the Head of Service, Mrs. Modupe Adekunle while defending the 2014 budget estimates of the Bureau of Service matters, State Pensions and Establishments and Training.
 
Mrs. Adekunle declared that the State civil service was irrevocably committed to achieving the five cardinal programmes of the Senator Ibikunle Amosun led administration, and reaffirmed government’s readiness to continually boost workers’ morale towards ensuring effective service delivery.
 
She emphasized that human capacity building, restructuring and reforming of the service would be maintained to ensure improved productivity and efficiency in the service.
 
To this end, the Head of Service revealed that her office is proposing to spend the sum of N203m in the next fiscal year, out of which N130m would be expended on recurrent matters, while capital expenditure would gulp N73m, adding that N15 m was expected to be generated.
 
Speaking on this year’s budget performance, the Head of Service revealed that her office surpassed revenue target as it made the sum of N36.77m compared to the N8.46m target set.
 
Pointing out that the money was realised from rents from government quarters, Mrs. Adekunle disclosed that the sum of N50m was being proposed to renovate the quarters in the coming fiscal year.
 
Also defending the budget estimates of the Civil Service Commission, its Chairman, Chief Mrs. Susan Folarin indicated that a sum of N197.2million would be spent next year, with N150m earmarked for recurrent expenditure, N47m for capital projects while N1m is the expected capital receipt for the year.
 

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