• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Saturday, August 2, 2025
No Result
View All Result
NewsNet Nigeria
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos
NewsNet Nigeria
No Result
View All Result
Home Legislative Matters

Delta Assembly approves N40bn credit facility to defray backlogs owed Local Govt pensioners

by NewsNet Nigeria
2 years ago
in Legislative Matters, News
Delta Assembly approves N40bn credit facility to defray backlogs owed Local Govt pensioners

Delta Assembly Speaker, Rt Hon Emomotimi Guwor

Share on FacebookShare on TwitterShare on LinkedinShare on Whatsapp

As part of government efforts to reduce the backlogs of accumulated pensions owed to retired Primary School Teachers and local government employees in the state, the Delta State House of Assembly has approved the request for a Forty Billion naira credit facility.

The request was contained in a letter to the House by the State Governor, Rt Hon Sheriff Oborevwori at the instance of the 25 local government councils of the state.

Governor Sheriff Oborevwori’s letter to the State Assembly was read by the Speaker, Rt Hon Emomotimi Guwor at plenary.

Oborevwori explained that the credit facility was for the 25 Local Government Councils in the State, aimed at assisting them in defraying a substantial part of Accrued Rights of Local Government Pensioners.

He disclosed that the approval was part of the conditions relevant in accessing the facility, which is anticipated to help alleviate the plight of senior citizens of the State who served and retired at the local government level.

ALSO READ  Delta Speaker pours encomiums on CPS for diligent discharge of duties

Oborevwori informed the House that a meeting was held in his office with local government council Chairmen and other stakeholders where it was unanimously resolved that a credit facility be sourced from commercial bank to pay the council retirees.

He told the lawmakers that Zenith Bank PLC has availed the 25 local government councils the said facility in a prorated manner, in tune with their respective indebtedness to pensioners for which offer letters have been served to all the Chairmen by the bank.

He reaffirmed the commitment of his administration in collaborating with the State Chapter of the Association of Local Government of Nigeria, ALGON, to reduce the backlog of accumulated pensions owed retirees and enhance the welfare of the people.

ALSO READ  2ND ANNIVERSARY: 8th Delta Assembly has strategically aligned with Executive arm in delivering infrastructural, human capital development to Deltans - Speaker 

House Majority Leader, Emeka Nwaobi while highlighting the need for the credit facility, said the challenge of retired local government workers paid their pensions and other benefits has been a major concern and commended the Oborevwori led administration for collaborating with ALGON towards changing the narratives for good.

Nwaobi stated that payment of the backlogs owed the local government pensioners would put smiles on the faces of many homes in the state, particularly at this material time that the cost of living rose astronomically as a result of the recent removal of fuel subsidy which he noted was having negative economic effects on Nigerians.

The Majority Leader maintained that the nonpayment of pensions had in the past, sent a greater percentage of retirees to their early grave, stressing the need for the lawmakers to graciously approve the request of the Executive in order to stop the ugly development.

ALSO READ  Delta Assembly Advances New Community Corps Agency Bill, Condoles Buhari’s Death

In their remarks, the Minority Leader, Edafe Emakpor and the member representing Bomadi constituency, Oboro Preyor acknowledged the need for government to address challenges faced Pensioners at the local government level in the state, stressing that those involved and their families were indeed going through difficult times.

The House, unanimously gave a nod to the request following a motion to that effect by Majority leader, Hon Emeka Nwaobi and seconded by the Chief Whip, Hon. Perkins Umukoro.

The Speaker, Emomotimi Guwor commended the lawmakers for their support for early attention to the request, just as he assured of a robust synergy between the State Assembly and the Executive for greater socio-economic development in Delta State.

Previous Post

Agbateyiniro-led Delta Ethnic Nationalities Youth Leaders sides with Okowa, says Clark’s attacks unnecessary

Next Post

Delta Speaker congratulates Dein of Agbor at 46, commends him for showing good leadership

MORE NEWS

Unenurhie people in Ughelli North reject conduct of election, say process violates community constitution
Legislative Matters

Ughelli North Legislative Arm Suspends Three Councillors Over Gross Misconduct

July 31, 2025
Odu Oma Club Warns Against Divisive Politics in Anioma State Campaign
National News

Odu Oma Club Warns Against Divisive Politics in Anioma State Campaign

July 31, 2025
Senator Ede Dafinone to Deliver Keynote at Inaugural Urhobo Leadership Series
Local News

Senator Ede Dafinone to Deliver Keynote at Inaugural Urhobo Leadership Series

July 27, 2025
Okowa’s Top Aide, Hilary Ibegbulem, Mourns Father’s Passing
Lifestyle

Okowa’s Top Aide, Hilary Ibegbulem, Mourns Father’s Passing

July 26, 2025
Next Post
Delta Speaker congratulates Dein of Agbor at 46, commends him for showing good leadership

Delta Speaker congratulates Dein of Agbor at 46, commends him for showing good leadership

Leave Comment

RECENT STORIES

Delta Police Arrest Notorious Kidnap Kingpin “Smooth”, Bust Cultists in Abraka Raid

Delta Police Arrest Notorious Kidnap Kingpin “Smooth”, Bust Cultists in Abraka Raid

August 2, 2025
Vandals Attack NYSC Camp in Delta, Destroy Electrical Installations

Vandals Attack NYSC Camp in Delta, Destroy Electrical Installations

August 2, 2025
Mulade Urges Ethnic Harmony to Drive Delta’s Development

Mulade Urges Ethnic Harmony to Drive Delta’s Development

August 2, 2025
Between Ken Pela’s hollow vision and Oborevwori’s High Performance

Between Ken Pela’s hollow vision and Oborevwori’s High Performance

August 1, 2025
Media Attacks On Senator Dafinone: When Criticism Becomes a Tool for Political Blackmail

Media Attacks On Senator Dafinone: When Criticism Becomes a Tool for Political Blackmail

August 1, 2025

TRENDING STORIES

  • Samuel Adjogbe Foundation Scholars Stand Out as AGGS Ughelli Holds 2025 Graduation Ceremony

    Samuel Adjogbe Foundation Scholars Stand Out as AGGS Ughelli Holds 2025 Graduation Ceremony

    0 shares
    Share 0 Tweet 0
  • Sports University of Nigeria, Idumuje-Ugboko: “A National Vision Made Manifest,” Says Senator Ned Nwoko as 2025/2026 Admissions Begin

    0 shares
    Share 0 Tweet 0
  • Delta Police Arrest Woman for Faking Own Kidnap to Avoid Debt

    0 shares
    Share 0 Tweet 0
  • Okowa’s Top Aide, Hilary Ibegbulem, Mourns Father’s Passing

    0 shares
    Share 0 Tweet 0
  • Ughelli North Legislative Arm Suspends Three Councillors Over Gross Misconduct

    0 shares
    Share 0 Tweet 0
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.

No Result
View All Result
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.