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Oyo State Abolishes ₦4,000 Retirement Form Fee to Ease Retirees’ Burden

Oyo State Abolishes ₦4,000 Retirement Form Fee to Ease Retirees’ Burden

The Oyo State Government on Wednesday cancelled the collection of N4,000 administrative fee for retireee, a move aimed at alleviating financial burdens on civil servants.

This was contained in a statement made available to newsmen by the Commissioner for Establishments and Training, Hon. Olusegun Olayiwola, citing Governor Seyi Makinde’s commitment to enhancing retirees’ welfare.

Olayiwola added that previously, retirees were required to pay N4000 to access the retirement form at the Ministry of Establishments and Training. However, with the Governor’s directive, an electronic form has been designed online at no cost to retirees.

He stated that this decision reflects the Governor’s efforts to prioritize retirees’s well-being, adding that the Executive Governor, Engr. Oluseyi Makinde increased the gratuity payment to N500million monthly from the N250million been paid previously which has jacked up the number of retirees that receive their gratuity monthly , seamless and problem free.

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Olayiwola emphasised that the abolition of the fee is a significant step towards reducing financial stress on retirees. It has also underscores the government’s dedication to streamlining process and eliminating unnecessary costs.

He recalled that recently Oyo State Government initiated e-payment of gratuity benefits which is a seamless and secure transactions adding that the developments demonstrate the administration’s focus on promoting retirees’s welfare and well-being.

The Permanent Secretary, Mr. Olajide Okesade appreciated the abolishment of the form as lessening financial bondage on retirees and demonstrating genuine concern for retirees’s welfare.

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