The Kogi State Commissioner of Finance, Budget and Economic Planning, Asiwaju Idris has said that the state government spent N10.9bn to pay pensions and gratuities of retirees in 2021.
In the statement of Financials for the year 2021 released by the Commissioner, the Kogi State Government claimed the sum of N9,859,560,923 was paid for pensions between January and November 2021, while the sum of N1,100,000,000 was paid for Gratuity between January and November 2021.
The statement also disclosed that the sum of N25,572,872, 394 was paid for salaries and wages and N27,136,530, 459.10 stands as sum of Overhead Cost.
Idris stated in the statement that the Yahaya Bello administration is transparent and efficient in the utilization of resources, adding that the tempo will be sustained.
“Our financial management and Economic reforms is also yielding bountiful results in our bid to provide people oriented governance.
” Social benefits or social transfers are transfers made in cash or kind to persons or families to lighten the financial burden of protection from various risk. The Kogi State Government under Governor Yahaya Bello is passionate about using the resources of the people for their collective good, which has been well demonstrated under the year in review.
“With the above expenditure highlight, Kogi State Government led by His Excellency, Governor Yahaya Bello has shown beyond mere words that the people will continually be at the centre of her governance process and decisions, which includes the vulnerable, pensioners and payment of Gratuity,” he said.