• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Osun govt approves N4 billion bond for retirees under pension scheme 

Emem Udoh by Emem Udoh
May 1, 2025
in Business News
Gold mining: Thors Exploration agrees to pay N1.2 billion PAYE tax assessment – Osun Government
Share on FacebookShare on TwitterShare on Linkedin

Governor Ademola Adeleke of Osun State announced the approval of a N4 billion bond for the payment of retirees under the contributory pension scheme in the state.

He made the disclosure during the 2025 Workers Day celebration held at Fakunle High School, Osogbo, on Thursday.

According to the governor, the bond will cater to retirees in both the state civil service and local government areas.

RelatedStories

Gold mining: Thors Exploration agrees to pay N1.2 billion PAYE tax assessment – Osun Government

Gold mining: Thors Exploration agrees to pay N1.2 billion PAYE tax assessment – Osun Government

March 28, 2025
Osun Government secures shareholding in gold mining site and ‘tax data’ amid FG’s mediation 

Osun Government secures shareholding in gold mining site and ‘tax data’ amid FG’s mediation 

March 26, 2025

He explained that N2.17 billion will benefit retirees in civil service parastatals, secondary schools, tertiary institutions, and the Uniosun Teaching Hospital, while N2.09 billion would be disbursed to local government and primary school retirees.

“I have just approved, through the Office of the Head of Service, the payment of bond for retirees under the contributory pension scheme worth over N4 billion.  

“Civil service parastatal, secondary schools, tertiary institutions, Uniosun Teaching Hospital retirees will get N2, 175, 280, 322.54 while N2, 098, 466, 528.87 will be given to local governments and primary schools retirees,” he said. 

The governor acknowledged the prevailing economic difficulties across the country, reaffirming his administration’s commitment to prioritizing workers’ welfare.

He emphasized that Osun State has been collaborating with the Federal Government to ease the burden on citizens and reform the national economy.

“As a matter of policy, we have gone out of our way to ensure the success of the federal government’s efforts,” he said, adding that the state was managing resources prudently to ensure that no sector was left behind.

Adeleke also disclosed that his administration had reduced the state’s inherited debt burden by over 40%, citing confirmation from the Debt Management Office.

He reiterated his government’s strategy of stimulating the local economy by engaging local professionals, suppliers, and artisans through its local content policies.

More insights 

  • Meanwhile, the Chairman of the Nigeria Labour Congress (NLC), Osun Chapter, Mr Christopher Arapasopo, praised the governor for his “rancour-free and workers-friendly administration.”
  • He commended Adeleke for paying salary arrears owed by previous administrations, approving promotions, and implementing a new minimum wage of N75,000.
  • Arapasopo, however, appealed for further support, including the provision of housing and vehicle refurbishing loans, as well as recruitment and capacity-building opportunities for civil servants.
  • Speaking on the theme of this year’s celebration, “Reclaiming the Civic Space in the Midst of Economic Hardship,” Arapasopo described it as a rallying call for workers to assert their rights and strengthen civic engagement during challenging times.
Tags: 2025 Workers DayAdemola AdelekeOsun statepayment for retirees
Emem Udoh

Emem Udoh

Related Posts

Gold mining: Thors Exploration agrees to pay N1.2 billion PAYE tax assessment – Osun Government
Manufacturing

Gold mining: Thors Exploration agrees to pay N1.2 billion PAYE tax assessment – Osun Government

March 28, 2025
Osun Government secures shareholding in gold mining site and ‘tax data’ amid FG’s mediation 
Manufacturing

Osun Government secures shareholding in gold mining site and ‘tax data’ amid FG’s mediation 

March 26, 2025
ICPC , REA , Abubakar Abdullahi Sambo
Business News

ICPC commences tracking of over N10 billion constituency projects in Osun 

November 23, 2024
The Dancing Senator Ademola Adeleke
Education

Osun State government announces new retirement age, length of service for teachers

April 3, 2024
31 state governments
Economy

CBN interventions: 31 state govs borrow N457.17 billion to pay salaries

March 21, 2024
Governor Ademola Adeleke, Osun State
Business

Osun State to invest N33.4 billion in 7 infrastructure projects

March 11, 2024
Next Post
FG forms committee to streamline shoreline project approvals in Lagos 

FG forms committee to streamline shoreline project approvals in Lagos 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
Zenth Bank
first bank
Zenth Bank








DUNS

Recent News

  • Airtel tops daily advancers as ASI attains N70 trillion cap, shatters 110,000-barrier 
  • U.S. suspends student visa appointments globally, pushes for social media vetting 
  • UK’s Blockchain.com targets crypto exchange licence in Nigeria as it expands to Africa  

Follow us on social media:

Recent News

IHS Nigeria, Airtel Nigeria

Airtel tops daily advancers as ASI attains N70 trillion cap, shatters 110,000-barrier 

May 27, 2025
United States extends period for work permits for non-citizens

U.S. suspends student visa appointments globally, pushes for social media vetting 

May 27, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics