Lagos State Gov. Akinwumi Ambode has released N838 million to pay accrued pensions to its retirees for February.
A statement by the Lagos State Pension Commission (LASPEC), signed by its Director-General, Mrs Folashade Onanuga, said that the amount was paid to 141 retirees under the Contributory Pension Scheme (CPS).
He gave the assurance that the payment of the accrued pension rights would continue monthly under the current administration.
“The payment is well structured, transparent, efficient and based on the law of equity.
“I assured all the retirees that the Pensioners’ Identity Card is in progress and wilk be provided as soon as the necessary approval is obtained,” she said.
Also in a statement, Dr. Benson Akintola-Oke, the state Commissioner for Establishments, Training and Pensions, said that N34, 781 billion had been paid into Retirement Savings Accounts (RSA) of 8,548 retirees since 2015.
Akintola-Oke, who represented Ambode at the 48th Retirement Benefit Bond Certificate Presentation (RBBCP) ceremony, implored retirees to put their money only in businesses they could manage.
Akintola-Oke said that the state government was committed to providing retirees with incentives that would give them peace in retirement.
“Ambode focuses on payment of pensioners and other entitlements, and this has earned the state accolades.
“This priority is to eradicate poverty amongst the elderly in our society,” he said.
Why Efficient Broadband Network Is Important – Danbatta
The executive vice chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta has said building a robust broadband network...
NCC Restates Importance Of Teleco
The Nigerian Communications Commission (NCC) has said the need for protection of telecommunication infrastructure is because it is critical in...
Why We Instituted Research Grant Project – NCC
The executive vice chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta has said his management instituted the research...
Leave Stage For Nigerian Youths, Okeke Urges Older Politicians
Ageing Nigerian politicians have been charged to the political space for the younger generation. The appeal was made by the...
I’ve Left Issues In 8th Senate Behind Me – Omo-Agege
Deputy Senate President, Senator Ovie Omo-Agege (APC Delta Central) ,yesterday stated that he has left the issues and treatment meted...
Kogi Guber: Group Rallies Support For Ogah
A Coalition of All Progressives Congress (APC) youths under the aegis of Coalition For Better Kogi State yesterday declared support...
Gbajabiamila Inaugurates Reps Ad-hoc Committees
The Speaker of the House of Representatives, Femi Gbajabiamila, yesterday performed the swearing-in of three adhoc committees set up by...
POLITICS15 hours ago
APC Kicks As Bauchi Govt Suspends Inauguration Of 9th Assembly
NEWS18 hours ago
1 Killed, 6 Vehicles Destroyed As Kona, Fulani Clash.
NEWS12 hours ago
Taraba Govt Deny Imposing Curfew On Jalingo.
NEWS18 hours ago
Windstorm Destroys Over 1000 Houses In Zamfara LGA
AFRICA13 hours ago
Former Egyptian President Morsi Dies In Court During Sitting
FOOTBALL20 hours ago
PSG Consider Neymar Sale As Club Chairman Warns To Players
COVER STORIES4 hours ago
Fear Grips Lawmakers As FG Begins Probe Of Constituency Projects
NEWS6 hours ago
Kogi: 20 APC Aspirants Oppose Indirect Primaries