We all know the importance of prompt payment of salaries for the survival of every family. In this crucial times, every and any income counts. In fact, most families are looking for additional income stream to augment their monthly salaries. What is more pathetic is the payment of pension to our elderly citizens. Unfortunately, they are unable to have additional income resources and rely solely on their pension.
Do we know how many elderly parents have died while waiting to be paid pension and the gruesome process of verification?. It is really a bad case and it’s important for our government to simplify this process. It is therefore a good way to end the year with the release of salary and pension by President Buhari.
President Buhari has approved the release of N522 billion to all 36 state governors for the payment of salaries as well as pension. Read the press statement shared on his social media page below…
I have approved the disbursement of N522 billion to the State Governments, to enable them pay salary and pension arrears, and put money in the economy. We have stipulated that at least 50% of the funds should be dedicated to salaries and pensions, and we will audit disbursements to ensure compliance.
The Ministry of Finance is currently processing the first batch of N153 billion, which, I am told, will be released to 14 States. The Ministry will provide more details on how the funds will be disbursed and how we will monitor the utilization to ensure that Nigerians receive the full benefits from their State Governors. As I said in my Independence Day Speech, I firmly believe that this recession will not last. We should not allow our temporary problems to blind us from the corrective course this administration is charting for Nigeria. We know what our challenges are and we are working very hard to provide solutions that will last.
The Ministry of Finance is currently processing the first batch of N153 billion, which, I am told, will be released to 14 States. The Ministry will provide more details on how the funds will be disbursed and how we will monitor the utilization to ensure that Nigerians receive the full benefits from their State Governors. As I said in my Independence Day Speech, I firmly believe that this recession will not last. We should not allow our temporary problems to blind us from the corrective course this administration is charting for Nigeria. We know what our challenges are and we are working very hard to provide solutions that will last.
We hope there will no longer be any delay in payment of salaries and pension in year 2017.
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