The governor made the announcement on Tuesday while hosting a delegation from the National Pension Commission (PenCom), led by its Director-General, Ms Omolola Oloworaran, at the Government House in Akure.

Aiyedatiwa emphasized that pension funds are not only essential for securing the future of retirees but can also be a powerful vehicle for long-term economic transformation.

“The commitment of this administration to pension reform is unwavering. We see pension funds as not just a means to secure the future of our retirees but also as a strategic tool to unlock infrastructural development in Ondo State,” the governor stated.

Ondo State currently boasts a 72.44% compliance rating with the Contributory Pension Scheme (CPS), according to a recent PenCom inspection. Governor Aiyedatiwa pledged to raise the state’s score to 95%, in line with PenCom’s challenge for improved standards.

Ms Oloworaran recommended significant amendments to the state’s pension law, including:

Establishing a Minimum Pension Guarantee for low-income earners

Implementing an Irrevocable Standing Payment Order to ensure uninterrupted remittances

Making Pension Compliance Certificates mandatory for business licenses and public contracts

She emphasized the need for urgency in implementing reforms, stating that the commission is keen to see Ondo become a model for pension governance.

Aiyedatiwa responded with a firm commitment:

“This is a joint responsibility. We owe it to our senior citizens and future generations to build a pension system that is robust, transparent, and impactful.”

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Ajulo commended Governor Lucky Aiyedatiwa for assenting to the bill, which aims to curb land disputes, protect landowners, and attract both local and foreign real estate investment into the state. Speaking in a statement issued in Abuja on Tuesday, Ajulo emphasized that the legislation bolsters the legal framework surrounding property rights in Ondo and sets a precedent for tackling land-related challenges.

“The signing of the anti-land grabbing bill into law marks a historic milestone. It is not just about protecting landowners but also about creating a secure environment for investors,” Ajulo said.

The bill, sponsored by Moyinolorun Ogunwumiju, the lawmaker representing Ondo West Constituency 1 and Parliamentary Secretary of the State Assembly, was fast-tracked and became the first to be enacted in record time in Ondo’s legislative history. Ajulo lauded the Ondo State House of Assembly and Ogunwumiju for their commitment to resolving the land disputes that have long plagued communities in the state.

Ogunwumiju noted that land disputes account for over 80% of cases in Ondo courts and 85% of the issues brought to his constituency office. He explained that the new law aims to deter illegal land occupation, restore the integrity of land transactions, and provide an enabling environment for investors.

“This bill will reassure investors of the safety of their investments while generating internal revenue opportunities for the state within the real estate sector,” Ogunwumiju stated.

The new legislation mandates that all land sale agreements be handled by certified legal professionals and bear a stamp from the Ondo State Internal Revenue Service, ensuring legitimacy and minimizing conflicts. It also introduces stricter penalties for land grabbers, fostering transparency and accountability in property transactions.

The anti-land grabbing law is expected to have significant economic benefits, boosting investor confidence and enhancing Ondo State’s real estate market.

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During an inspection of the flood-hit areas, Governor Aiyedatiwa was accompanied by the Commissioner for Environment, Mr. Niyi Oseni, and the Special Adviser on Environment, Hon. Olayemi Adeyemi. They assessed the extent of the damage and discussed the immediate interventions needed to assist the victims.

Expressing his concern over the impact of the floods, especially on vulnerable communities, the Governor reassured residents of the government’s commitment to providing both immediate relief and long-term solutions.

“We are deeply concerned about the challenges these floods have caused, and we are already working to ensure that affected areas receive immediate relief and long-term solutions,” Governor Aiyedatiwa stated.

He further emphasized that his administration would prioritize rehabilitation of flood-prone areas and fast-track the completion of ongoing water channelisation projects to prevent future occurrences. The Governor’s visit reflects his administration’s proactive approach to addressing the state’s environmental challenges.

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