LAGOS state govt pays retirees 1.5b in May.

The Lagos Regional Government on Monday said it had paid 482 retirees N1.5bn as their pension benefits accumulated in May, 2022.


The statement quoted the Structures, Training and Pensions Commissioner, Ajibola Ponnle, as saying this during the presentation of the 94th Retirement Bond Certificate at the Lagos State Public Service organized by the Lagos Provincial Pensions Commission.

According to Ponnle, the state is committed to paying retirement benefits, adding that the administration of Governor Babajide Sanwo-Olus remains unchanged.

He said, “Governor Babajide Sanwo-Olu has been at the forefront of the pension industry by paying more than N40.5bn to 10,862 retirees from the local government, the Universal Basic Board, the Education Services Commission and other provincial government institutions. from May 2019 until now.


“His vision is to have a flexible, efficient and effective staff to explore the ‘Big Lagos’ agenda. The safe retirement and well-being of our officials is a key factor in achieving this goal. ”

The commissioner advised retirees to learn different ways to invest in their retirement accounts.

He urged them to seek out reliable and reliable sources on pension issues.

“Do not hesitate to contact LASPEC or the Department of Establishment, Training and Pensions for inquiries or explanations about ways to affect your retirement benefits,” he said.


Permanent Secretary, Establishment and Pensions Training, Dr Biodun Onayele, said, “The Lagos Regional Government has worked around the clock to ensure that all arrears are cleared before the end of the current administration. This is to ensure that retirees are not barred from what to do. of friendly pensioners awarded to the emperor. ”

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