Lagos remits over N25bn in 18 months into 5,819 RSAs

Governor Babajide Sanwo-Olu of Lagos State said so far the state has paid over N25 billion into the Retirement Savings Accounts (RSAs) of 5,819 retirees of the state since the advent of the present administration.

Sanwo-Olu, represented by Mrs. Olubunmi Fabanwo, Chairman, Lagos State Civil Service Commission, said this at the 81st Retirement Bond Certificate presentation to 471 retirees of the state Public Service in Lagos.

Commisioner for Establishments , Training and Pensions, Mrs. Ajibola Ponnle, lauded Gov. Sanwo-Olu for ensuring the availability of funds to the commission for the payment of retirement benefits as and when due.

“Despite the global pandemic and it’s impact on the Nigerian economy, the state government has made continuous monthly payments of accrued pension rights into the RSA of retirees a priority to enable them have access to their retirement bond benefits,” she said.

Ponnle noted that following the emergence of Lagos State as the winner of the National Pension Commision’s (PenCom) award for the best complaint state in the Federation consecutively and consistently, the ministry and LASPEC was committed to maintain the rating.

Director -General LASPEC, Babalola Obilana, said the event was designed as the state government’s special gift for the retirees for the festive season.

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