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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

Jigawa disburses N1.39bn to 560 retirees, families of deceased workers

From The Punch · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources Outcome reported
  • The Jigawa State and Local Governments Contributory Pension Scheme Board is disbursing over N1.38 billion in terminal and death benefits to 560 retirees and families of deceased civil servants.
  • The payments cover gratuities, death benefits, and pension balances for workers who retired, reached retirement age, or died in service.
  • The prompt disbursement is attributed to Governor Umar Namadi's commitment to pensioner welfare, with the state injecting over N9 billion into the scheme since 2023.

The Jigawa State and Local Governments Contributory Pension Scheme Board has begun disbursing N1,389,857,763.37 in terminal and death benefits to 560 retirees and families of deceased civil servants across the state. The payments include gratuities, death benefits, and remaining pension balances for workers who retired voluntarily, reached retirement age, or passed away while in active service.

Today we are paying a total of N1,389,857,763.37 to 560 beneficiaries drawn from the state service, local government councils and local education authorities.

โ€” Bilyaminu AminuExecutive Secretary of the Jigawa State and Local Governments Contributory Pension Scheme Board, addressing beneficiaries.

Bilyaminu Aminu, Executive Secretary of the scheme, detailed that N1,101,443,426.68 will go to 453 retired civil servants. Additionally, N261,855,040.41 is earmarked for 90 relatives of workers who died in service, and N26,559,296.28 will be paid to the next of kin of 17 pensioners who died before completing five years post-retirement.

I must extend our heartfelt gratitude to His Excellency, Governor Namadi, for his steadfast support and the transformative reforms he has initiated since assuming office.

โ€” Bilyaminu AminuExpressing gratitude for the governor's support for the pension scheme.

Aminu assured beneficiaries that the contributory pension scheme is current with all retirement benefits and monthly pensions for retirees across the state's 27 local government areas. He attributed this promptness to Governor Umar Namadi's commitment to the welfare of pensioners. The state Accountant General, Abdullahi Shehu, added that the government has injected over N9 billion into the pension scheme since 2023 to stabilize its operations and build confidence among retiring workers, positioning it as a leading contributory pension scheme in Nigeria.

From 2023 to date, the government under Governor Namadi has injected over Nine Billion Naira to stabilise the scheme and build confidence among retiring workers.

โ€” Abdullahi ShehuState Accountant General, detailing government's financial support for the pension scheme.
DistantNews Editorial

Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.