The Oyo State government began issuing payment cheques on Monday to 456 retirees as a fulfillment of one of Governor ‘Seyi Makinde’s campaign promises.
The retirees paid on Monday were mostly retired LGA staff, retired primary school teachers and next of kin beneficiaries of deceased staff from all 33 LGAs in the state.
At Monday’s cheques presentation at the state Secretariat, the chairman of the Local Government Staff Pension Board, Prince Adebayo Adeyemi advised the beneficiaries to spend the money wisely and not squander their pension.
He also reiterated the commitment of the Oyo State Government to clear the backlog of pensions and gratuities owed pensioners by the past administration.
The Governor’s Special Adviser on Labour Matters, Mr. Bayo Titilola-Sodo also spoke and warned the beneficiaries to spend the money wisely on themselves instead of investing the money in risky ventures.
The LGA Deputy Auditor-General, Mr Samuel Awobode also echoed the words of the fellow officials and advised the pensioners to spend the money judiciously. He also added that the Makinde administration was now paying pensions and gratuities because it had earlier put aside a certain sum of money monthly.
The Nigeria Union of Pensioners (NUP) Oyo state chapter Secretary, Mr Segun Abatan, warned the pensioners to prioritize careful money management over risky ventures. He also praised the Makinde-led administration for releasing N7.2 billion to pay the outstanding gratuities.
One of the beneficiaries, Mr Adedeji Sunday spoke on behalf of the other pensioners and said the payment of pensions and gratuities by the current administration showed that the Oyo State government is a man of his word.