Lagos State Pensioners Get N61 billion in Retirement Benefits

Akinwumi Ambode

The Governor of Lagos State, Akinwunmi Ambode has revealed that the state’s pensioners have received a total of N61 billion since the state government began to present retirement benefit bond certificates to retirees in 2010.

Ambode disclosed this at a pension conference in Lagos last week.

Speaking through the Lagos State Commissioner for Establishments, Training & Pension, Dr. Akintola Benson, the governor averred that the state’s pensioners are no longer plagued by the dire feeling of uncertainty that often accompanies retirement.

He said, “It is not surprising that retiring public officers now look forward to retirement with more confidence and joy. This is how it should be.”

“Lagos state will continue to ensure that public service retirees not only get what is due to them statutorily but also continue to receive, through other agencies and programmes, further and additional support and assistance that will add value to their lives in retirement,” Ambode added.

The governor also affirmed that the state’s pension reform laws encourage labour market flexibility and have served as an effective legal instrument in addressing the myriad challenges faced by workers in the state particularly as they affect their social and economic wellbeing.

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