Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • How CIA, KGB Funded Rival Labour Unions To Undermine Nigeria – Obasanjo
    • ‘Togo, Niger Republic, Benin Owe Nigeria N25bn For Electricity’, NERC Reveals
    • 2027: Wike Is Not A Political Threat To Me – Senator Ireti Kingibe
    • Ex-NMDPRA MD’s Probe Will Continue Despite Withdrawal Of Petition By Dangote – ICPC
    • Oyo Attack: Makinde Promises To Apprehend Perpetrators, Calls For Calm
    • A Rejoinder To ‘Bola’s Tax’: When ‘Simple Logic’ Becomes Simple Misdirection – By Tanimu Yakubu
    • Super Eagles Train In Fez Amid Unpaid Bonus Protest Ahead Of AFCON Quarter-Final
    • FULL LIST: Fixtures, Dates, Times, Venues Of AFCON 2025 Quarter-Finals
    Facebook X (Twitter) Instagram
    NEWS POINT NIGERIANEWS POINT NIGERIA
    • HOME
    • NEWS

      How CIA, KGB Funded Rival Labour Unions To Undermine Nigeria – Obasanjo

      January 8, 2026

      ‘Togo, Niger Republic, Benin Owe Nigeria N25bn For Electricity’, NERC Reveals

      January 8, 2026

      2027: Wike Is Not A Political Threat To Me – Senator Ireti Kingibe

      January 8, 2026

      Ex-NMDPRA MD’s Probe Will Continue Despite Withdrawal Of Petition By Dangote – ICPC

      January 8, 2026

      Oyo Attack: Makinde Promises To Apprehend Perpetrators, Calls For Calm

      January 8, 2026
    • COLUMN

      The New Tax Law Debate In Nigeria: What It Really Means For Your Money – By Boma West

      January 7, 2026

      Trending Events Amidst Governor Buni’s Yobe Achievements (2) – By Dr Hassan Gimba

      January 5, 2026

      2026 And The Tax Man – By Kazeem Akintunde

      January 5, 2026

      The Anthony Joshua Accident And The Perennial Bash Nigeria Gang – By Jonathan Nda-Isaiah

      January 3, 2026

      What Nigeria Must Ponder As 2025 Transitions Into 2026 – By Boma West

      December 31, 2025
    • EDUCATION

      FG Names Prof. Adamu Acting Vice-Chancellor To Steer UniAbuja For Three Months

      August 9, 2025

      13 Countries Offering Free Or Low-Cost PhD Programmes For Non-Citizens

      January 25, 2025

      NECO: Abia, Imo Top Performing States In Two Years, Katsina, Zamfara Come Last

      October 3, 2024

      NBTE Accredits 17 Programmes At Federal Polytechnic Kabo

      August 20, 2024

      15 Most Expensive Universities In Nigeria

      May 19, 2024
    • INTERNATIONAL

      Press Association Condemns Israel’s Continued Ban On Media Access To Gaza

      January 8, 2026

      Trump To Withdraw US From Dozens Of UN, International Organisations

      January 8, 2026

      Under Fire For Education: Gaza Children Dodge Snipers To Attend Tent Schools

      January 7, 2026

      Trump Says Venezuela To Hand Over Up To 50 Million Barrels Of Oil To US

      January 7, 2026

      Israel Bombs Lebanon, Saying It Targeted Hezbollah, Hamas

      January 6, 2026
    • JUDICIARY

      FULL LIST: Judicial Council Recommends Appointment Of 11 Supreme Court Justices

      December 6, 2023

      Supreme Court: Judicial Council Screens 22 Nominees, Candidates Face DSS, Others

      November 29, 2023

      FULL LIST: Judicial Commission Nominates 22 Justices For Elevation To Supreme Court

      November 16, 2023

      Seven Key Issues Resolved By Seven Supreme Court Judges

      October 26, 2023

      FULL LIST: CJN To Swear In Falana’s Wife, 57 Others As SANs November 27

      October 12, 2023
    • POLITICS

      What Peter Obi May Lose If He Joins Coalition As VP Candidate

      May 25, 2025

      Atiku Moves To Unseat Wike’s Damagum As PDP Chairman, Backs Suswam As Replacement

      April 15, 2024

      Edo’s Senator Matthew Uroghide, Others Defect To APC

      April 13, 2024

      Finally, Wike Opens Up On Rift With Peter Odili

      April 2, 2024

      El-Rufa’i’s Debt Burden: APC Suspends Women Leader For Criticising Kaduna Gov

      March 31, 2024
    • SPORTS

      Manchester United Sack Ruben Amorim After 14 Months In Charge

      January 5, 2026

      Chelsea Set To Appoint Rosenior As Head Coach

      January 3, 2026

      Chelsea Sack Coach, Enzo Maresca

      January 1, 2026

      Man City Bound Semenyo Wants Future Resolved By January 1

      January 1, 2026

      Meet Anthony Joshua’s Close Friends Killed In Lagos-Ibadan Crash

      December 30, 2025
    • MORE
      • AFRICA
      • ANALYSIS
      • BUSINESS
      • ENTERTAINMENT
      • FEATURED
      • LENS SPEAK
      • INFO – TECH
      • INTERVIEW
      • NIGERIA DECIDES
      • OPINION
      • Personality Profile
      • Picture of the month
      • Science
      • Special Project
      • Videos
      • Weekend Sports
    NEWS POINT NIGERIANEWS POINT NIGERIA
    Home - Akwa Ibom, Kano, Oyo, 29 Other States Owe Contractors, Retirees 933bn – Report

    Akwa Ibom, Kano, Oyo, 29 Other States Owe Contractors, Retirees 933bn – Report

    By Farouk AbbasNovember 8, 2024
    NGF

    THIRTY-TWO states in Nigeria owed a total of N933.32bn to contractors and retirees in 2023, according to findings.

    BORNO PATRIOTS

    The findings are based on an analysis of data from the 2024 State of States report by BudgIT, a Nigerian civic organisation that focuses on promoting transparency, accountability, and effective governance,

    The 32 states with liabilities to contractors and retirees are Abia, Adamawa, Akwa Ibom, Anambra, Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, Gombe, Imo, Jigawa, Kaduna, Kano, Katsina, Kebbi, Kogi, Kwara, Lagos, Niger, Osun, Oyo, Plateau, Sokoto, Taraba, Yobe, and Zamfara.

    Silk

    The report revealed that these liabilities consist of N408.69bn in contractor arrears and N524.63bn in unpaid pensions and gratuities.

    Notably, certain states like Bayelsa, Edo, and Kebbi had no reported contractor liabilities, while others such as Ogun and Ondo did not report any pension arrears.

    This newspaper observed that Delta State topped the list of contractor obligations, with liabilities amounting to N76.26bn.

    This was far above Imo’s N43.47bn and Cross River’s N39.12bn, which ranked second and third, respectively.

    Kano and Akwa Ibom followed closely with N37.04bn and N31.07bn, respectively, in contractor arrears.

    In contrast, Jigawa and Yobe had the least obligations to contractors, with N98.19m and N2.79m owed, respectively.

    Nigerian TAX Reform - Federal Goverment

    Regarding pensions and gratuities, Benue State emerged as the state with the highest arrears, owing a staggering N74.3bn to retirees.

    Oyo followed with N40.05bn, while Enugu, Bauchi, and Cross River States owed N34.46bn, N31.21bn, and N29.86bn, respectively.

    At the lower end of the spectrum, Lagos State recorded just N2.69m in pension arrears, the smallest figure nationwide.

    National Orientation Agency Page UP
    National Orientation Agency - Down

    Other states with relatively modest pension liabilities include Kaduna with N1.69bn and Borno with N2.95bn.

    The report further noted that the aggregate operating expenses of the states in Nigeria accounted for 47.36 per cent of their total expenditure in 2023.

    These expenses surged by 21.17 per cent, rising from N3.8tn in 2022 to N4.64tn in 2023

    Debt servicing also posed a significant burden, with N1.25tn, representing 12.8 per cent of the affected states’ cumulative expenditure, dedicated to servicing loans.

    BudgIT also noted that states spent N287.56bn in 2023 on liabilities such as contractor arrears, pension and gratuity arrears, and other outstanding debts.

    However, this spending was not officially captured in the states’ fiscal records, suggesting that the financial strain may be even worse than reported.

    BudgIT noted, “The aggregate operating expenses of the states, which formed 47.36 per cent of the aggregate expenditure, increased by 21.17 per cent from N3.8tn in 2022 to N4.64tn in 2023.

    “Additionally, N1.25tn, representing 12.8 per cent of the cumulative spending of the states, was used to service debts. Interestingly, N287.56bn, not captured by states as part of their expenditure for the 2023 fiscal year, was utilised to offset contractor arrears, pension and gratuity arrears, and other outstanding liabilities.”

    The report also revealed that the states are grappling with additional liabilities totaling N1.19tn.

    This includes N408.69bn owed to contractors, N521.36bn in pension and gratuity arrears, N79.64bn in salary and staff claims, N4.36bn in judgment debts, and N182.79bn in other payables.

    The BudgIT report read, “In addition to the existing debt stock, the states have exiting liabilities totalling N1.19tn: N408.69bn is owed in contractor arrears, N521.36bn is owed in pension and gratuity arrears, N79.64bn is owed in salary and other staff claims, N4.36bn is owed in judgement debt and other pending litigation, and other payables and liabilities amount to N182.79bn.”

    Last week, this newspaper reported that the backlogs of pensions owed by the federal and state governments increased to over N193bn.

    Although several states such as Zamfara, Benue, Kaduna, Kano, Nasarawa, and others have been clearing the backlogs, it was gathered that the Federal Government had yet to clear over N88bn in contributory pensions, while many states were burdened by pension backlogs estimated at over N105bn.

    The Assistant General Secretary of the National Union of Pensioners, Bunmi Ogunkolade, earlier told this newspaper that the Federal Government had yet to clear N88bn accrued rights under the Contributory Pension Scheme from March 2023 to date.

    The CPS was introduced by the Pension Reform Act of 2004, and under this law, employees and employers jointly contribute to a Retirement Savings Account for each worker, making pensions more sustainable.

    The law set the minimum combined contributions at 15 per cent of an employee’s monthly earnings.

    The Pension Reform Act of 2014, which amended the 2004 law, further improved the CPS by increasing contributions to a combined minimum of 18 per cent and tightening regulations to ensure compliance by both private and public sector employers.

    Speaking with this newspaper, Bunmi Ogunkolade said state governments were footdragging on matters related to the payment of retirees’ gratuities and the implementation of the new pension scheme.

    Ogunkolade who noted that state governments were not owing monthly pensions for retirees called on the need to pay retirees their entitlements.

    He said, “No state owns a monthly pension. We are talking about the monthly stipends that they pay. The N17,000, N10,000, and others but what they owe is gratuity. Some states are owing as far back as 2012. They have refused to release the funds. Even with the issue of the pension scheme, most states are still using the old one. Someone who was probably earning N10,000 in 2010 is still getting the same thing in 2024 because the states have failed to do the needful.

    “You can say you are paying my monthly pension but that is nothing if you don’t pay me my gratuity and that is what we are saying. Also, we have some states that have commenced the implementation of the new pension scheme as approved by the National Salaries, Wages, and Income Commission. You have states like Lagos, Ondo, and others. So it is the gratuity that states are owing and not monthly stipends. We have been talking with them. We’ve been communicating with these states on the need to release the gratuities.”

    The Nigeria Association of Pensioners, Anambra State Council, earlier urged Governor Chukwuma Soludo to address outdated pension rates.

    This appeal follows the discovery of a case where a retired senior matron in the state, identified as Mrs. Fanny Ngozi Uchefuna, reportedly receives N330 as a monthly pension.

    This appeal follows the discovery of a case where a retired senior matron in the state, identified as Mrs. Fanny Ngozi Uchefuna, reportedly receives N330 as a monthly pension.

    Contractors Pension States
    Share. Facebook Twitter WhatsApp LinkedIn Telegram Email

    Related Posts

    How CIA, KGB Funded Rival Labour Unions To Undermine Nigeria – Obasanjo

    January 8, 2026

    ‘Togo, Niger Republic, Benin Owe Nigeria N25bn For Electricity’, NERC Reveals

    January 8, 2026

    2027: Wike Is Not A Political Threat To Me – Senator Ireti Kingibe

    January 8, 2026

    Ex-NMDPRA MD’s Probe Will Continue Despite Withdrawal Of Petition By Dangote – ICPC

    January 8, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Latest Posts

    How CIA, KGB Funded Rival Labour Unions To Undermine Nigeria – Obasanjo

    January 8, 2026

    ‘Togo, Niger Republic, Benin Owe Nigeria N25bn For Electricity’, NERC Reveals

    January 8, 2026

    2027: Wike Is Not A Political Threat To Me – Senator Ireti Kingibe

    January 8, 2026

    Ex-NMDPRA MD’s Probe Will Continue Despite Withdrawal Of Petition By Dangote – ICPC

    January 8, 2026

    Oyo Attack: Makinde Promises To Apprehend Perpetrators, Calls For Calm

    January 8, 2026
    Advertisement
    News Point NG
    © 2026 NEWS POINT NIGERIA Developed by ENGRMKS & CO.
    • Home
    • About us
    • Disclaimer
    • Our Advert Rates
    • Privacy Policy
    • Terms of Use

    Type above and press Enter to search. Press Esc to cancel.

    Join Us On WhatsApp