Teachers’ Scheme Disburses Over N1.7bn To 6,300 Beneficiaries

A teachers’ social security platform, Endwell Scheme, has disbursed more than N1.7 billion in benefits to over 6,300 teachers and next-of-kin in the last four years.

This marks one of its strongest performances since its establishment 30 years ago.

The figures were presented in the Management Report during the 14th State (Biennial) General Meeting held at the Teachers’ House, Oluyole Estate, Ibadan, where the chairman, Board of Trustees, Comrade Obasola Elijah Olayiwola, reaffirmed the scheme’s solid financial footing and consistent fulfillment of obligations to members.

At the parallel Biennial Meeting of the Nigeria Union of Teachers, Oyo State wing, the union’s chairman, Comrade Raji Oladimeji Ismael, said the new financial data confirms that the Endwell Scheme had entered a new era of stability, strength and relevance.

He stated that the scheme’s uninterrupted performance over the last three decades, without any record of financial collapse, demonstrates its resilience despite past skepticism and opposition.

“Today marks another milestone in the history of Endwell. The gloomy days are completely over. The scheme has weathered storms, survived skepticism, and continues to wax stronger daily,” he said.

Raji Oladimeji emphasised that the Endwell Scheme was conceived at a time when retiring teachers were abandoned by all tiers of government, and many faced severe psychological and financial distress due to late payment of gratuities and pensions.

He said the scheme has now become a dependable social security support for thousands.

While presenting the management report, Comrade Obasola Olayiwola said the rise in benefit payments reflects an increasing number of retiring teachers and a growing subscriber base, boosted by the recruitment of new teachers under Governor Seyi Makinde.

He assured members that the scheme remains financially disciplined, saying, “The Endwell Scheme continues to be a strong pillar of support for our teachers. The steady increase in beneficiaries underscores our commitment to protecting the welfare of those who serve in our classrooms.”

He added that the Board will continue to strengthen investment strategies to maintain sustainable returns for contributors.

A major highlight of the event was the special recognition and honour bestowed on the founding fathers and early contributors who played pivotal roles in the creation and successful take-off of the Endwell Scheme.

Those honoured included Comrades Anusat Babatunde Amuda, Ibrahim Bolomope, Elijah Olu Abiala, Suleiman Adediran, Mr Tade Ipadeola, Mrs. J. L. Latunji and Alhaji Oladiti Oladapo