The Lagos State Government has paid more than N1 billion into the Retirement Savings Accounts of 246 retirees in the state’s public service for October.
The Director-General, Lagos State Pension Commission, Mr. Babalola Obilana, made the disclosure in a statement yesterday, in Lagos.
According to him, “A total of N1, 300, 374, 372.68 (One billion, three million, three hundred and seventy-four thousand, three hundred and seventy-two Naira, sixty-eight kobo) was paid,” Obilana said.
He explained that the beneficiaries included employees from the mainstream service, Local Government Service, State Universal Basic Education Board (SUBEB), Teaching Service Commission, and other parastatals of the state government.
According to the D-G, Gov. Babajide Sanwo-Olu has consistently paid the monthly entitlements of retirees as well as the backlog of some unpaid pension inherited from previous administrations.
Obilana congratulated all the retirees for rendering meritorious service to the State, adding that in spite of the state of the nation and aftermath of the global COVID-19 pandemic, the state government, in line with the vision of a greater Lagos and its commitment to financial freedom for the state’s retirees, ensured the payment of pension entitlements.
