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Past and Recent Achievements

During the period under review, the Ministry achieved the following:

  • Successful implementation of fiscal sustainability plan.
  • Re-engineering of process of salary payment.
  • Payment of N9billion arrears of 142% increase in pension to Civil Pensioners in the state.
  • Implementation of 6% and 15% increase in pension to the retirees of State owned parastatals and Tertiary Institutions.
  • Intervention of Ministry of Finance in the release of 50% monthly pension for the payment of retired Primary School Teachers between 2010 to 2012.
  • Payment of arrears of 142% increase in pension amounting to N280,831,656,79 to the retirees of State owned Parastatals and Tertiary Institutions.
  • Radical reduction in overhead costs, leading to savings in several areas to include maintenance costs, cost of procurement etc.
  • Management of the States Bond Insurance to achieve an A-rating.
  • Resuscitation of the contributory pension scheme.
  • Enhanced Treasury and cash management via the reduction/ elimination at Dormant Bank account, clearing accounts.