The Lagos State Government has recently announced that it has paid N5 billion into the Retirement Savings Accounts of 1,768 of its retirees for the month of April. Alongside their monthly contributions.

At the ceremony where retirement bond certificates were presented to the 100th batch of state service retirees, Mrs. Ajibola Ponnle, the Commissioner for Establishments, Training, and Pensions, expressed her gratitude to the retirees for their selfless service during their years in service. She also emphasized the state’s recognition of the importance of safeguarding their retirement benefits.

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During the ceremony, Ponnle stated that the Lagos State Government has been a consistent high flyer in the pension industry, paying over N50.7 billion to 13,928 retirees in the Mainstream, Local Government, State Universal Basic Board (SUBEB), Teaching Service Commission (TESCOM), and other Parastatals of the State Government from May 2019 till date.

The state’s vision is to have a dynamic, efficient, and effective workforce to pilot the agenda of a ‘Greater Lagos’, and the safe retirement and welfare of officers is a major priority in actualizing this goal.

Furthermore, Ponnle pointed out that Lagos State was one of the first states to implement the Contributory Pension Scheme (CPS) with the objective of ensuring that retirees receive income regularly in their retirement. Since then, the state has maintained its leading role in the administration of the CPS and the payment of pension obligations to its beloved retirees.

Babalola Obilana, the Lagos State Pension Commission Director General, also spoke during the ceremony. He praised the government of Governor Babajide Sanwo-Olu for working tirelessly to ensure the consistent payment of pension liabilities and the provision of first-class service to retirees.

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He urged recipients of the bond certificate to feel free to reach out to the Commission for any pension-related information or further clarifications, adding that the Commission takes its role as a front-runner in the pension industry seriously.

One of the retirees who received the bond certificate, 70-year-old Aluko Julius Adebanjo, expressed his appreciation for being alive to receive his certificate and his pension. He retired in 2017 and had been waiting for his pension since then, but it had been one delay after another until this day. He had even had an accident that took away his little savings, making this pension all the more important to him. He thanked God for his health and the Lagos State Government for making it possible to receive his pension while still alive.