EKITI STATE EXECUTIVE COUNCIL APPROVED PRESENTATION OF PENSION REFORM LAW, (FIRST AMENDMENT) BILL, 2024 TO THE STATE HOUSE OF ASSEMBLY FOR LEGISLATIVE PROCESSING, PASSAGE INTO LAW.
The Ekiti State Executive Council approved presentation of the Ekiti State Pension Reform Law (First Amendment) Bill, 2024 to the State House of Assembly for legislative processing and subsequent passage into law.
The approval is to amend the State Pension Reform Law, 2022 to expand the scope of the Contributory Pension Scheme in the State as follows:
i. migrate employees with over five years of service, currently under the Defined Benefit Scheme to the Contributory Pension Scheme (CPS) to gradually reduce and eventually eradicate the gratuity liability and burden on the State Government;
ii. give power to a Pension Fund Administrator under the Law to the apply a percentage of the Pension Assets in the Retirement Savings Account towards payment of Equity contribution for payment of Residential Mortgage in favour of any willing or interested employee;
iii. empower the Ekiti State Pension Commission to retrieve and refund wrongful retirement savings and accrued interest made in favour of any employee in active service who is exempted from the Contributory Pension Scheme, back to the coffers of the State Government
THE STATE EXECUTIVE COUNCIL ALSO APPROVED PRESENTATION OF A BILL TO REGULATE THE OPERATIONS OF COMMERCIAL MOTORCYCLE OPERATORS TO THE HOUSE OF ASSEMBLY FOR LEGISLATIVE PROCESSING, PASSAGE INTO LAW.
The State Executive Council also approved presentation of the Ekiti State Commercial Motorcycle Operators Regulatory Bill, 2024 to the State House of Assembly for legislative processing and subsequent passage into law.
The proposed law is to regulate the operations of Commercial Motorcycle Operators in the State through effective implementation of the following:
provide for mandatory data capturing of all private and commercial motorcycle operators in Ekiti State;
regulate the number of working hours of commercial motorcycle operators in Ekiti State;
provide for mandatory branding of all commercial motorcycles in the State in the colour and design that may be prescribed by the State Government; and
prescribe penalties for offences committed under the law.
EKITI STATE EXECUTIVE COUNCIL APPROVED N96,597,800 FOR CLEARING OF 126.70 HECTARES OF LAND AT OKE-AKO FARM SETTLEMENT FOR YOUTH IN AGRICULTURE PROGRAMME.
SEC approved award of N96,597,800 contract to DAVID-MOORE DEVELOPMENTAL CONCEPT LIMITED for the clearing of 126.70 hectares of land at the Oke-Ako Farm Settlement for Youth In Agriculture.
The move is in furtherance to the State Government’s strong commitment to transforming the Agricultural sector, using targeted initiatives including land clearing, provision of farm inputs and improved seedlings amongst others that provide needed assistance to farmers to improve food production in the State.
The Oke-Ako Farm Settlement for Youth in Agriculture initiative was designed to promote youth engagement in agriculture as well as tackle unemployment issues in the State.
SEC APPROVED N1.23Billion FOR PHASE I OF THE DEVELOPMENT OF A COMPREHENSIVE LAND ADMINISTRATION SOLUTION IN EKITI STATE
The State Executive Council approved N1,230,000,000.00 contract to Lordsfield Consulting Limited for the Phase 1 (preliminary stage) of the development of a Comprehensive Land Administration Solution in the State and given a period of six months to complete the phase.
SEC also approved a total sum of N4,134,329,974.50 for the entire project with 12 months for the second Phase and 18 months the completion period of the entire project.
The approval is a reflection of the present Administration’s determination to enhance existing infrastructure and initiate new projects for the overall well-being of Ekiti State’s citizens. It is however considered beneficial to develop and implement a comprehensive land administrative solution, aimed at identifying areas with infrastructural deficits. This Solution is targeted at improving revenue generation through access to facilities that could encourage seamless transactions on government businesses.
Signed
Rt. Hon. Taiwo Olatunbosun
Commissioner for Information
Last modified: October 1, 2024
