Lagos to disburse N3.1bn to 1,000 retirees

Lagos State Governor, Babajide Sanwo-Olu, on Friday, disclosed the state is set to disburse N3.1bn to about 1,000 retirees who have served the state tirelessly under the Contributory Pension Scheme.

The governor made this known via his X handle, adding that the sacrifices of the retirees “have not gone unnoticed.”

He wrote, “I’m happy to share some news with you that I hope will put smiles on the faces of families.

“Next week, we’re set to disburse N3.1bn under the Contributory Pension Scheme to over 1,000 retirees who have served our state tirelessly.

“It is pertinent to take note of the fact that in the lifetime of our administration, we have disbursed over N60 billion as  pension to over 17,000 retirees.  This achievement fills us with pride.”

While thanking the retirees for their unwavering dedication, Sanwo-olu noted that their contributions form the very foundation of the vibrant state.

“Prioritising the welfare of those who’ve shaped Lagos’ history is not just a commitment; it’s our legacy. Your trust is paramount, and together, we’re constructing a Lagos that champions its own.

“There is so much more to be done, and we will continue to strive to achieve more. Let’s keep building a stronger, caring Lagos together,” he said.

The Lagos State Government had in August 2023 paid N2.017bn as retirement benefits to 644 retirees.

The payment represented the retirees’ past service benefits prior to the commencement of the Contributory Pension Scheme in 2007.

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