Fayemi set to secure bond to defray outstanding gratuities

Ekiti State Governor, Dr. Kayode Fayemi has reiterated his government’s readiness to secure bond offerings to offset the outstanding gratuities of state pensioners.

Dr. Fayemi stressed the move will be necessary in order to put smiles on faces of the retired civil servants who have rendered selfless service in different capacity to the state by paying their statutory entitlements.
The governor disclosed this on Thursday in his office while receiving in audience, the United Nation led by the Resident Coordinator, Mr Edward Kallon.
In a statement signed on Saturday by his Chief Press Secretary, Mr. Yinka Oyebode, Fayemi said Ekiti have to develop innovative bond to address myriads of practical challenges facing the state.
“We are interested a lot in the bond and we have a practical challenge here for example in our state, we are looking at a way of developing innovative bond to address it.
“we have a lot of people who have retired from service and their gratuities have piled up over past couple of years running into billions of naira that we are not immediately able to pay and I don’t think it is fair for all this people who have devoted years of their lives to serving the state.
“That is why we started the social security scheme for the elderly as a safety net to address this sort of issue but for us we think it should be possible for us to develop a bond that can enable us pay off all these and then find a way to offset that bond over a long term”. The governor said.

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“We are recruiting teachers and, it will shock you, Ekiti is one of the smallest states, on the first day of our recruitment, we had 6500 applications online; by 12:00 noon this afternoon, we had 9,000 for teaching positions that will start mid-September in our basic schools.
“That depicts a picture of the enormity of the challenge. This is what increasingly led to the radicalization of people who feel there is no hope; so, we have to find a way to eke out a living and government had to be more innovative and creative about tackling these challenges”, he added.
The UN official, commended Governor Fayemi’s social security programmes, saying the UN would work with the state to actualise its Sustainable Development Goals vision.
Source: thenationonlineng.net

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