Lagos Govt Pays Over N38 Billion Accrued Pension

The administration of Governor Babajide Sanwo-olu of Lagos State has paid over N38 Billion in Pension arrears to 9865 people.

Mr. Sanwo-olu made this known in a Facebook post

He said “In keeping with our administration’s promise that we will ensure all Lagos State Civil service retirees get their accrued pension, I’m indeed glad to say that we have walked the talk

“Between May 2019 when we took the mantle of leadership and now, over N38 Billion has been paid to 9865 retirees.

“515 retirees had their savings accounts credited with a total of N1,520 Billion at a bond presentation ceremony held recently”.

Mr. Sanwo-olu promised that his administration would not relent in efforts at enhancing the welfare of workers and pensioners.

According to him, “Despite prevailing economic challenges that has plagued the world over, Lagos State Government prioritizes the welfare of its employees and retirees, and has ensured that monies are promptly remitted into individual employees’ Retirement Savings Account (RSAs) monthly and also made it a priority that retirees access their retirement Benefits ASAP.

“Lagos state is one of the few states in the federation that does not owe monthly pension contributions, and we will not relent in our duties nor renege on our promise to employees and retirees that their welfare will not be taken for granted”.

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