Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
Ogun State cleared 8 years of pension and gratuity arrears for retirees from 2012–2020, paying N23.3B in gratuities and boosting pension funding to N20B in 2025.
Ogun State has cleared eight years of pension and gratuity arrears for retirees who retired between 2012 and 2020, fulfilling a major commitment under the Defined Benefits Scheme.
Finance Commissioner Dapo Okubadejo confirmed the state paid N23.3 billion in gratuities and inherited N32.8 billion in unpaid benefits, with annual pension payments rising from N6.7 billion in 2019 to N20 billion in 2025, projected to reach N40 billion by 2029.
The state also introduced Nigeria’s first Additional Pension Benefits scheme, plans to amend pension laws, and boosted its 2026 budget to N1.668 trillion as internally generated revenue grew from N50 billion in 2019 to N240 billion in 2025.
El estado de Ogun eliminó 8 años de retrasos de pensiones y gratificaciones para los jubilados de 2012 a 2020, pagando N23.3B en gratificaciones y aumentando la financiación de pensiones a N20B en 2025.