Lagos State Government Disburses N2.02 Billion to 644 Retirees in August

The Lagos State Government has disbursed N2.02 billion in retirement benefits to 644 deserving retirees.

This was disclosed at the 101st retirement bond certificate presentation ceremony held in Lagos on Wednesday.

Mr. Babalola Obilana, the Director-General of the Lagos State Pension Commission, delivered an insightful address during the ceremony.

He explained that these retirement bond certificates held a deeper significance beyond their financial worth, serving as a testament to the trust and confidence the Lagos State Government places in its retirees.

Mr. Obilana stated, “Today, the administration of Governor Babajide Sanwo-Olu will present another set of 644 retirees with a sum of N2.02 billion only, being their past service benefits prior to the commencement of the Contributory Pension Scheme in 2007.”

He further highlighted that these certificates symbolized the enduring impact these retirees had made throughout their dedicated service.

“Your dedication has been the bedrock of the ‘goal of a greater Lagos’, and your hard work has set a high standard for those who will carry the state forward,” he expressed.

During his address, the Director-General expressed heartfelt appreciation for the retirees’ exceptional contributions and unwavering dedication. He also extended his gratitude to Governor Sanwo-Olu for ensuring the consistent and timely payment of pension liabilities to retirees.

Mr. Obilana acknowledged Governor Sanwo-Olu’s unwavering commitment to the ideals of the Contributory Pension Scheme, noting that the governor prioritizes the welfare of the public service workforce even in retirement.

Mr. Obilana added, “This retirement bond certificate presentation ceremony is not just a formality; it is a moment to reflect upon the remarkable contributions you all have made.”