We spent N36bn on pension in 5 years – Benue Govt
Benue State Government has disclosed that it spent about N36 billion on the payment of pensions and gratuities for the state’s and local government retired workers in the last five years.
The Chief Press Secretary (CPS) to Gov. Samuel Ortom, Mr Terver Akase, who disclosed this in an interview with News Agency of Nigeria on Wednesday in Makurdi, said the payments were effected between May 2015 and Oct. 2020.
Akase explained that Gov. Ortom inherited a backlog of pensions and gratuities of over N70 billion upon assumption of office in 2015.
He said of the outstanding figure, the governor paid N25.4 billion to retired workers of the state government, while N10. 6 billion was expended on local government retirees which amounted to N36 billion within the past five years.
He said a total of N23.9 billion was spent on state government workers’ pensions, while N1.5 billion went for the payment of gratuities, making the figure N25.4 billion.
At the local local government level, Akase said a total of N9.9 billion was spent on pensions while N648 million went for the payment of gratuities.
Read more Benue State Pension news here
Support PensionNigeria financially with N1,000 per Month HERE, or with any amount HERE
Empower us to do more independent analysis of the Pension Industry in Nigeria
Subscribe to PensionNigeria Daily News Broadcast on WhatsApp, just send “Subscribe” to 08160052802, PLEASE ensure you also save 08160052802 to your contacts as “PensionNigeria” to enable you receive the PensionNigeria News Broadcast.
Subscribe to PensionNigeria Daily Newsletter and get Today’s Top Pension News delivered straight into your email box every Evening.
If you have subscribed before and you still do not receive our Newsletter, please check your “Spam Folder”, if you find our Newsletter there, mark it as “NOT SPAM” or move it to your Inbox
Pension is Your Right,
An Insurance for Old Age
Follow PensionNigeria on Social Media LinkedIn Twitter Instagram Facebook YouTube
