The Lagos State Government has paid N1.003 billion in accrued pension rights to 465 retirees from its civil service, local governments, and parastatals.
At the 111th Retirement Bond Certificate presentation held at NECA House, Alausa, Head of Service, Bode Agoro, represented by Mrs. Bukola Durodola, urged the beneficiaries to invest wisely and take advantage of post-service empowerment and wellness programmes provided by the government.
Agoro commended Governor Babajide Sanwo-Olu for his continued commitment to workers’ welfare, noting that the payment reflects his administration’s compassion and dedication to ensuring retirees receive their due benefits without delay.
He emphasized that pension benefits were structured to provide financial stability and comfort after years of dedicated public service, while assuring that Lagos remains consistent in maintaining a transparent and reliable pension system.
In his remarks, the Director-General of the Lagos State Pension Commission (LASPEC), Babalola Obilana, expressed appreciation to the government for sustaining prompt disbursement despite economic challenges. He said the state’s pension system remains a model in Nigeria due to automation, data integration, and close collaboration with Pension Fund Administrators.
“Our duty at LASPEC is to ensure that no one who has served Lagos faithfully leaves without receiving what is due to them,” Obilana stated.
The Executive Director of LASPEC, Olumuyiwa Oshin, advised retirees to “refire, not retire,” describing retirement as the start of new opportunities rather than an end.
Meanwhile, LASPEC has concluded preparations for over 1,000 workers set to retire soon. The agency provided guidance and documentation support during its 29th Retirement Benefit Documentation Seminar.
Agoro reaffirmed that the Sanwo-Olu administration remains committed to a smooth transition process and timely benefit payment for all retirees in the state.
