Oyo Pacesetter Transportation Company Commences Payment Of Backlog Pensions And Gratuities

The Chairman and management of Pacesetter Transportation Company have commenced the payment of the backlog of pensions and gratuities owed to retirees of the Company.

The backlog of arrears and pensions dating back to 1994 is being cleared in a renewed effort to pay the entitlements of the retirees.

The Executive Chairman and Sole Administrator of the company, Honourable Ibrahim Oladeji Salami Dikko, disclosed that by the year 2027, the company will not be owing any retiree any pension and gratuity.

He also commended the governor for subsidizing the company to the tune of 3.5 million naira daily and 77 million naira every month for the cost of diesel used in the company.

He advised the workers to redouble their efforts, assuring them that their labor would be rewarded.