Osun confirms receipt of N11.7bn refunds

Osun State government, on Friday, confirmed the receipt of a sum of N11,744,237,793.56 as part of the refunds from the Paris Club loans deductions.

A statement by the government, through the Bureau of Communication and Strategy, Office of the Governor, said, based on the received fund, Governor Rauf Aregbesola had approved an upward review of the existing salaries and pensions payment structure with the aim of further easing the financial strains foisted on the workers and pensioners as a result of the national economic challenge the country was facing in recent times.

According to the statement, signed by Mr Semiu Okanlawon, “after  deliberations by the Revenue Apportionment Committee which comprises representatives of workers and the government, under the leadership of Comrade Hassan Sumonu, a foremost labour leader, the following decisions have been arrived at as the reviewed payment structure:

“That workers from Level 1-7 will continue to be paid their 100 per cent salary; that workers on Level 8-10 to now be paid 75 per cent salary; that workers on Level 12 and above to be paid 50 per cent salary.

In the same vein, passive workers (pensioners) on N1,000 -N20,000 are to collect 100 per cent pensions; that pensioners on N20,00—N80,000 are to collect 75 per cent pension;   that pensioners on N80,00 will  continue to collect 50 per cent of pensions.”