Lagos splashes N1.5b on retirees


Governor Akinwunmi Ambode of Lagos State

Kazeem Ugbodaga

Governor Akinwunmi Ambode of Lagos State
Governor Akinwunmi Ambode of Lagos State

The Lagos State Government has approved the release of N1.5 billion for the payment of another batch of retirees, numbering 238 from the State Public Service for the month of November.

This brings the number of retirees paid so far, between August and November, this year to at least 1,992.

The total accrued pension rights for years, spent under the Pay As You Go pension scheme paid on behalf of the retirees is now N8.4 billion.

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The Director General, Lagos State Pension Commission, Mrs. Folashade Onanuga said that despite the fact that the State Government has other things contending for funds, the state Governor, Akinwunmi Ambode, believed that retirees deserved to be honoured, having put in their best while in active service.

“This is part of the change the administration has promised the people of Lagos State,” she added.

Speaking at the presentation, Onanuga, while welcoming the retirees to the 21st Retirement Bond Certificate Presentation Ceremony, held at the NECA House, Central Business District, Ikeja, said retirees should be wary of any business they might want to invest their money in.

She said the retirees would soon be issued identification cards to enable them access health care facilities.

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