Lagos To Disburse N3.1bn To Over 1,000 Retirees

The Lagos State government will next week disburse N3.1 billion under the contributory pension scheme to over 1,000 retirees.

This was disclosed by Governor Babajide Sanwo-Olu on Friday.

According to the governor, more than N60 billion has been disbursed as pension to over 17,000 retirees since he assumed office in 2019.

“I’m happy to share some news with you that I hope will put smiles on the faces of families.

“Next week, we’re set to disburse N3.1 billion under the Contributory Pension Scheme to over 1,000 retirees who have served our state tirelessly. Your sacrifices have not gone unnoticed.

“It is pertinent to take note of the fact that in the lifetime of our administration, we have disbursed over N60 billion as pension to over 17,000 retirees. This achievement fills us with pride.

“Prioritizing the welfare of those who’ve shaped Lagos’ history is not just a commitment; it’s our legacy. Your trust is paramount, and together, we’re constructing a Lagos that champions its own.

“A heartfelt thank you for your unwavering dedication. Your contributions form the very foundation of our vibrant state. There is so much more to be done, and we will continue to strive to achieve more.

“Let’s keep building a stronger, caring Lagos together,” Sanwo-Olu said in a post via his social media handles.

During the 102nd batch of the retirement bond certificate presentation ceremony to retirees in January, the Commissioner for Establishments and Training, Afolabi Ayantayo, had said over N57.7bn has been paid to 16,340 retirees since 2019.

He said: “Let me use this occasion to thank Mr Governor, Babajide Sanwo-Olu, under his administration, the Lagos State Government has paid over N57.7bn to 16,340 retirees in the Mainstream, Local Government, State Universal Basic Board, Teaching Service Commission and other Parastatals of the State Government from May 2019 till date.

“Furthermore, Mr Governor has paid accrued pension rights of N1.26bn only into the Retirement Savings Accounts of 605 retirees this month, alongside their monthly contributions.”