Inside Oyebanji’s Pension Reforms: Ekiti Clears Backlogs, Strengthens CPS Compliance.

Inside Oyebanji’s Pension Reforms: Ekiti Clears Backlogs, Strengthens CPS Compliance.

By Olamide Akinwumi. 

Since assuming office in 2022, Governor Biodun Oyebanji has embarked on what many analysts describe as one of Ekiti State’s most determined pushes to overhaul pension administration.

Data obtained by our correspondent shows that from July 2023 to October 2025, the state paid N7.6bn in gratuities to retirees across various sectors. To prevent future accumulation of unpaid benefits, the governor has committed to releasing N200m monthly specifically for gratuity obligations.

A major portion of Ekiti’s pension debt burden has also been addressed, with the government settling N1.1bn arrears from July to September 2018. Stakeholders say this move has restored confidence among pensioners who had expressed concerns over delayed payments.

Beyond clearing backlogs, the Oyebanji administration has fully activated the Contributory Pension Scheme, placing Ekiti among the best-ranked states by the National Pension Commission in terms of compliance and remittance.

Observers note that these reforms signal a stronger culture of fiscal responsibility and transparency in managing the entitlements of retired workers in Ekiti State.