Oyo State Governor Seyi Makinde approves the commencement of a contributory pension scheme for workers in the state. The decision is communicated through a circular issued by the Oyo State Pensions Board and directed to relevant stakeholders, including Ministries, Departments and Agencies (MDAs) and civil/public servants. Sources state the scheme applies to officers employed in the Oyo State Civil/Public Service from 1 January 2025. While eligibility begins in 2025, the scheme’s take-off or official implementation is set for 1 July 2026.
The contribution structure reported by at least one outlet is 12% from the employer (Oyo State Government) and 8% from the employee. The Pensions Board also instructs MDAs to submit a comprehensive list of eligible employees recruited since 1 January 2025, using an Excel template. Submissions are required in hard and soft copies by a specified deadline, and MDAs must designate Pension Desk Officers with contact details to support coordination. The government states it will ensure prompt payment of accrued benefits to affected employees upon commencement.
