The Delta State Government has approved the release of ₦10 billion for the payment of outstanding pension liabilities to retirees in the state.
Commissioner for Information, Hon. Charles Aniagwu, made this known while briefing journalists on the outcome of the State Executive Council meeting presided over by the Deputy Governor, Sir Monday Onyeme, in Asaba, Thursday.
Aniagwu said the gesture was in line with Governor Sheriff Oborevwori’s commitment to the welfare of senior citizens and efforts to ease the financial burden of pensioners.
According to him, a committee has been set up to supervise the disbursement to ensure transparency, fairness, and that the funds reach all deserving beneficiaries without favoritism.
He said: “The Governor remains committed to improving the welfare of pensioners. This ₦10 billion intervention is part of our broader social investment strategy to make life more comfortable for our senior citizens.”
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In the same vein, the Executive Council approved the 2026–2028 Medium-Term Expenditure Framework (MTEF) and the Budget Policy Statement, signaling the formal commencement of the 2026 budget preparation process.
Commissioner for Economic Planning, Mr. Sonny Ekedayen, who presented the fiscal documents, explained that the assumptions for the 2026 budget are aligned with national parameters agreed upon by the Nigerian Governors’ Forum.
He gave the key assumptions to include, crude oil production benchmark of 1.7 million barrels per day; Official exchange rate of ₦500 per US dollar; GDP growth rate of 3.4%; and Inflation rate of 23%.
Ekedayen said the approval of the fiscal documents will allow the Ministry of Economic Planning to begin compiling the draft 2026 budget, which will undergo further review before presentation to the State House of Assembly.
He emphasized that “today’s approval marks the formal commencement of the 2026 budget cycle and underscores the Governor’s commitment to prudent planning and sustainable development.”
