Ogun Pension Reforms Bill Passes First Reading

Channels Television  
Updated June 11, 2013
The elderly on a queue for their deserved life long toil

The bill seeking the amendment of the Pension Reform Law 2013 sent to the Ogun State House of Assembly by the state governor, Ibikunle Amosun on Tuesday passed through the first reading.

The amendment law tagged HB NO 31/OG/2013 was meant to address perceived shortcomings and grey areas of the contributory pension scheme, make it meet current trends and ensure that no worker in the State suffer any loss.

Also at the plenary, the Speaker of the Ogun State House of Assembly, Suraj Ishola Adekunbi read two letters sent to the lawmakers by Governor Amosun.

The letters are those seeking the approval of the lawmakers to obtain a N2billion housing development loan from the Federal Mortgage Bank of Nigeria and another seeking a bill for a law to amend the Ogun State Parks and Garages Development Board law, 2006.

According to the Governor’s letter, the loan facility if approved, would quicken the process of providing affordable housing and further improve the standard of living of the people.

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