Pension: Lagos State Disburses N711m For September

new-diplomat default image
new-diplomat default image

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.

READ ALSO:   ERA/FoEN Exposes Smirched Multinationals Taking Over Lagos Water

“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.

READ ALSO:   Agbakoba’s People’s Trust, 30 Parties Adopt Ambode

“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.

READ ALSO:   African Football Legends File Up For Ambode's Testimonial

“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)

Subscribe to Our VIP Newsletter

Previous articleEx-Kaduna Governor, Mouktar Muhammed, is Dead
Next articleNJC Begins Probe Of 15 Judges
Hamilton Nwosa

The New Diplomat stands for ethical journalism, press freedom, accountable republic, and gender-equity. That is why at The New Diplomat, we are committed to speaking truth to power, fostering a robust community of responsible journalism, and using high quality polls, data, and surveys to engage the public with compelling narratives about political, business, socio-economic, environmental, and situational dynamics in Nigeria, Africa, and globally. From our insightful reports of political issues to our riveting investigations and analyses of business, socio-economic, and cross-cutting sectors, The New Diplomat remains ever committed to investigative reporting and ethical journalism. Support and partner with The New Diplomat today, to guarantee a positive future for all under an atmosphere of free press!


Please enter your comment!
Please enter your name here