The Governor of Cross River State, Bassey Otu, is taking proactive steps to secure N24 billion from the capital market to settle a decade-long backlog of gratuity payments owed to retired workers. This move reaffirms the governor’s commitment to addressing the longstanding issue of unpaid gratuities.
In a statement released by the Chief Press Secretary to the Governor, Emmanuel Ogbeche, Governor Otu stressed the government’s obligation to ensure that elderly retirees do not suffer from hunger or lack the means to afford essential medications.
The statement further revealed that the state government is actively exploring options in the capital market to secure the necessary funds for clearing the outstanding debts owed to retirees.
During his inaugural meeting with journalists in September, Governor Otu expressed deep concern for the plight of retirees and senior citizens in the state, acknowledging the challenges they face. He emphasized the vital contributions of retired workers to the society, emphasizing the need to honor their entitlements.
“We are in discussions with financial institutions, seeking the best possible avenues to expeditiously settle the overdue gratuity payments,” Governor Otu affirmed.
