…Releases New N5.83Bn For Retirees’ Benefits
Ogun State Government has disclosed that it committed N157.9 billion to pension-related payments since May 29, 2019, following the release of an additional N5.83 billion for gratuity and Additional Pension Benefits to retirees.
The latest release, approved at the September 24, 2026 meeting of the Joint Accounts Allocation Committee (JAAC), is part of the administration’s efforts to clear outstanding retirement obligations and improve the welfare of senior citizens who served the state.
Speaking on the payments to retirees in the state, the Head of Service, Mr. Olanrewaju Saka, said N4,906,950,967.98 of the funds would be used to pay gratuity to Local Government pensioners who retired in 2022 and State Universal Basic Education Board (SUBEB) retirees who retired in 2021, while the remaining N918,596,179.16 was earmarked for Additional Pension Benefits to eligible retirees under the Contributory Pension Scheme (CPS).
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Saka said the latest intervention reflected Governor Dapo Abiodun’s commitment to progressively addressing outstanding retirement obligations and ensuring that retirees who served the state meritoriously were treated with dignity, adding that the administration has released N4.12 billion in Additional Pension Benefits to CPS retirees since the beginning of 2026
Giving a breakdown of the N157.9 billion cumulative commitment, Saka said N29,116,988,743.64 was paid as gratuity to 7,390 beneficiaries, while N105,391,736,016.69 had been spent on pension payments to 16,420 beneficiaries.
According to him, the state also committed N7,782,738,878.42 to CPS deductions for 29,883 beneficiaries between July 2025 and August 2026. Other components of the expenditure included N3,332,112,713.71 for Accrued Pension Rights (APR) to 2,567 beneficiaries; N5,041,139,048.90 for arrears of CPS deductions; and N1,347,359,839.24 in Returns on Investment (ROI).
Saka further disclosed that N584,850,736.98 was spent on death benefits and other payments for 160 beneficiaries, while N1,321,790,502.25 was provided as palliatives, adding that additional Pension Benefits paid to 709 beneficiaries amounted to approximately N4 billion during the period under review.
He clarified that the N45.5 billion figure represented the broader amount committed to gratuity payments for Local Government and SUBEB retirees since 2019, while the N157.9 billion represented the total commitment across all pension-related categories during the period.
The Head of Service said the sustained investment in pensions, gratuity and other retirement benefits reaffirmed the government’s resolve to prioritise the welfare of senior citizens who devoted their productive years to the development of Ogun State.
He assured retirees that the government would continue to fulfil its obligations and deploy available resources to address outstanding retirement benefits.
