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Lagos to Improve Pension Administration With Technology

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  • Lagos to Improve Pension Administration With Technology

The Lagos State Government has said that it will improve its pension administration system through the use of technology to serve its retirees better.

The Lagos State Governor, Akinwunmi Ambode, said this at a training programme, which was organised by the Civil Service Pensions Office of the Ministry of Establishments, Training and Pensions, for senior staff members of the state civil service.

The governor, who was represented by the Commissioner, Lagos State Ministry Of Establishments, Training And Pensions, Dr. Benson Oke, said digital and electronic administration of pensions entrenched by the state was crucial to effective and efficient administration of pension.

He spoke on the theme: ‘Digital and electronic administration of pensions in Lagos State.’

According to the governor, the CSPO has been responsible for processing of terminal benefits of workers that exit the system by statutory or voluntary retirement; and pensioners who disengage on the Pay-As-You-Go Scheme.

He said the CSPO was also responsible for processing of payment of pensions and gratuities, maintaining comprehensive and up-to-date personnel records for pensioners of the civil service, among others.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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