Pension: Lagos State Disburses N711m For September

Hamilton Nwosa
Writer
new-diplomat default image
new-diplomat default image

Ad

Oil Recovers After 8% Drop

An 8% weekly loss is a rare occurrence in oil markets, especially if it comes on the back of five straight daily declines. Even though Friday’s trading has shown a marginal recovery with ICE Brent edging closer to $65 per barrel, however it seems that Sunday’s OPEC+ meeting could prompt further price declines in case…

Boko Haram’s Ambition Was Similar to What Fueled Nigeria’s Civil War, Jonathan Warns

By Abiola Olawale Former Nigerian President Goodluck Jonathan has likened the ambitions of Boko Haram insurgents to the grievances that fueled the nation's 1967-1970 Civil War. Speaking at the public presentation of Scars, a book authored by former Chief of Defence Staff, Gen. Lucky Irabor (retd.), on Friday, Jonathan claimed that Boko Haram wanted more…

Ad

The Lagos State Government has disbursed the sum of N711 million as pension payments to retirees for  the month of September.

The Lagos State Pension Commission (LASPEC) in a statement on Monday by its Head of Public Affairs Unit, Mrs Basirat Lawal, said the N711 million was released to pay 287 retirees for that month.

LASPEC said Gov. Akinwunmi Ambode, was represented by the Commissioner for Establishments, Training and Pensions, Dr Akintola Oke, at the Retirement Bond Certificates Presentation on Sept. 29.

“The Agency in the month of September also released Insured death benefit cheques amounting to about N32 million to nine beneficiaries and next-of-Kin of deceased employees,’’ it stated.

Ambode reiterated in the statement that Lagos State was committed by being up-to-date in Pension payments, and the administration advised the retirees not to live extravagantly.

The statement quoted Ambode as saying that he has embarked on massive infrastructural development in the state that would, however, give great priority to those who have laboured and were now retired.

“I understand the challenges facing the retirees and that the receipt of their pension dues will enable them face the future, as well as other goodies in the pipeline,’’ Ambode said.

The Director- General of LASPEC, Mrs Folashade Onanuga, in the statement also advised the pensioners to spend wisely.

“If you are in the evening time of your life, make sure you rest well, and do not do anything that will aggravate your health status.

“Use your pension for your basic needs and make sure you eat well and in moderation.

“The current economic challenges have affected the ability of youths to gain employment, such that in essence, many youths who should be taking care of themselves and their parents are still depending on them.

“I also advise the retirees to consider using the lump sum received to empower any resourceful child to start a family business, which could end up creating jobs for others,’’ Onanuga added. (NAN)

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp