The Governor of Delta State, Senator Dr. Ifeanyi Okowa has said his administration spends about N1 billion monthly on pensions. The Governor made the disclosure at Ogwashi-Uku during a town hall meetings with the people of Aniocha South local government area of the State. The Governor who also, had a town hall meeting at Issele-Uku, Aniocha North local government area of the state, said his administration spends more than N300 million monthly to settle pensioners in the old pension scheme and also, spends more than that to pay pensions of retired civil servants who were on the contributory pension scheme. While noting that the contributory pension scheme remains the best, the Governor emphasised, “when we came on board two years ago, we were told, government was owing pensioners over N30 billion, we have been paying and have injected a lot of money, so, at the end of every month, for the old pension scheme and the contributory pension scheme, we pay about N1 billion on pe...
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