*Confirms receipt of N11.7bn refunds; to pay three months salaries and pensions arrears.
The Government of Osun on Friday officially confirmed the receipt of a sum of N11,744,237,793.56 as part of the refunds from the Paris Club loans deductions through the Federal Government.
A statement by the government, through the Bureau of Communication and Strategy, said that based on the received fund, the Governor has approved an upward review of the existing salaries and pensions payment structure with the aim of further easing the financial strains foisted on workers and pensioners as a result of the economic challenge the country has faced in recent times.
After exhaustive deliberations by the Revenue Apportionment Committee which comprises reps of workers and the government, under the leadership of Comrade Hassan Sumonu; a foremost labour leader, the following decisions have been agreed upon as the reviewed payment structure:
That workers from Level 1-7 continue to be paid their 100% salary That workers on Level 8-10 to now be paid 75% salary That workers on Level 12-Above to be paid 50 % salary In the same vein, passive workers (pensioners) on N1,000 -N20,000 to collect 100% pensions That pensioners on N20,001 -N80,000 to collect N75% pensions That pensioners on N80,001 to continue to collect 50% of pensions.
The government, on the basis of the newly reviewed payment structure, is to pay salaries and pensions of September, October and November as from Monday December 19th, 2016.
The Government wishes to express appreciation for the high sense of responsibility, patriotism, and love for the development of the state as exemplified by their understanding and cooperation.
The Government further wishes to assure the entire people of the state that laying a solid foundation for future development of the state is paramount.