The Ogun State Government has committed N157.9 billion to pension-related payments since May 29, 2019, following the release of an additional ₦5.83 billion for gratuity and Additional Pension Benefits to retirees.
Penpushing reports that Head of Service Olanrewaju Saka made this known, explaining that 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.
The Head of Service, added that 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.
Penpushing further reports that he said the remaining N918,596,179.16, was earmarked for Additional Pension Benefits to eligible retirees under the Contributory Pension Scheme (CPS).
The number one civil servant explained that 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.
Penpushing also reports that he added that the administration had released ₦4.12 billion in Additional Pension Benefits to Contributory Pension Scheme (CPS) retirees since the beginning of 2026.
The Head of Service providing a breakdown of the ₦157.9 billion cumulative commitment, said N29,116,988,743.64 had been paid as gratuity to 7,390 beneficiaries, while N105,391,736,016.69 had been spent on pension payments to 16,420 beneficiaries.
Penpushing reports that he stated that the state government also committed N7,782,738,878.42 to Contributory Pension Scheme (CPS) deductions for 29,883 beneficiaries between July 2025 and August 2026.
The Head of Service said 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 Contributory Pension Scheme (CPS) deductions; and N1,347,359,839.24 in Returns on Investment (ROI).
Penpushing further reports that Saka 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.
The number one civil servant said additional Pension Benefits paid to 709 beneficiaries amounted to approximately ₦4 billion during the period under review.
Penpushing also reports that 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.
Penpushing report that he assured retirees that the government would continue to honour its obligations and deploy available resources to address outstanding retirement benefits.
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