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Taraba State Governor Kefas Approves N1 Billion For Gratuity, Orders Swift Release Of Funds
Taraba State Governor Kefas Approves N1 Billion For Gratuity, Orders Swift Release Of Funds....KINDLY READ THE FULL STORY HERE▶
Governor Agbu Kefas of Taraba State has granted approval for the disbursement of one billion naira to clear the backlog of gratuity payments. The governor, expressing concern over the delayed entitlements, has instructed the Ministry of Finance to ensure the immediate release of the funds…….READ ALSO
Governor Kefas, recognizing the dedicated service of hardworking workers, emphasized his administration’s commitment to addressing their welfare needs. In addition to the initial one billion naira allocation, the governor has authorized a monthly allocation of 200 million naira to continue clearing the backlog and ensuring regular payments.
During his campaign, Governor Kefas pledged to prioritize the resolution of pension and gratuity issues despite the significant backlog. He reiterated the unfairness of denying workers their rightful entitlements and affirmed his administration’s dedication to prompt payment of salaries, pensions, and gratuities.
The Permanent Secretary of Pensions, Rose Garba Ajiya, assured pensioners of Governor Kefas’ unwavering commitment to their well-being. She expressed readiness to commence payments promptly, highlighting the relief this gesture brings to elderly pensioners who have endured years of anguish and frustration.
This move by the Taraba State government marks a significant step towards addressing the long-standing issue of unpaid gratuities, providing much-needed relief to pensioners who have awaited their entitlements since 2011.
During an interview on Channels Television’s ‘Politics Today’, former minister Rotimi Amaechi dismissed recent comments made by FCT Minister Nyesom Wike regarding his selection as a running mate, stating that he does not respond to subordinates and noting that Wike never employed him.....KINDLY READ THE FULL STORY HERE▶
Additional context regarding the political exchange includes:
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Wike’s Remarks: During a media briefing, Wike alleged that Amaechi’s selection was financially motivated rather than strategic, questioning his electoral viability and political influence post-2011.
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Amaechi’s Response: Maintaining that he is currently focused on mourning, Amaechi indicated that he intends to respond more forcefully once his campaign activities officially begin.
During an interview on TVC News, former Lagos State Peoples Democratic Party (PDP) chairman Deji Doherty disputed claims that Chief Olabode George is a founding father of the party, asserting instead that George was introduced into the party’s leadership by former President Olusegun Obasanjo around 1999.....KINDLY READ THE FULL STORY HERE▶
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Criticism of Leadership: Doherty argued that Obasanjo’s decision to entrust the management of the Lagos State PDP chapter to George was a mistake and that the affairs of the state branch were poorly handled.
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Internal Party Crises: Displaying reconciliation documents during the broadcast, he noted that past efforts by respected party elders to resolve internal party disputes have failed to secure long-term peace.
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Call for Youth Empowerment: Doherty emphasized that the ongoing leadership struggles should pave the way for a younger generation to take charge of the nation’s political future, regardless of party affiliation.
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Parallel (Black) Market Rates: According to Bureau De Change (BDC) sources in Lagos for Tuesday, August 4, 2026, the parallel market traded the US Dollar at a buying rate of ₦1,410 and a selling rate of ₦1,425.....KINDLY READ THE FULL STORY HERE▶
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Official CBN Rates: Central Bank of Nigeria figures recorded rates ranging from a low of ₦1,361 to a high of ₦1,364.
Key Advisory Notes
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Regulatory Stance: The CBN does not officially recognize the parallel market and advises individuals engaging in foreign exchange transactions to utilize authorized banking channels.
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Price Variance: Actual market transaction rates may differ across various dealers and locations due to continuous market fluctuations.
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