In line with the Lagos state government policy of pay as you go, the state governor, Mr Babajide Sanwo-Olu, has paid over N700 billion to 20,956 retirees across all categories of civil servants in the state in the last five years.
The state Head of Service, Bode Agoro, made this known Wednesday at a press briefing held at Alausa, Ikeja, to mark the second year of the second term in office of Governor Sanwo-Olu.
Agoro noted that over N15.20 billion was paid to 6,024 by the governor in 2024 to clear the pension arrears.
The HOS said governor Sanwo-Olu has demonstrated unwavering commitment to clearing pension arrears.
“In year 2024, a total of N15, 108,672,919.19 was paid to 6,024 retirees in the mainstream, local government, State Universal Basic Education Board (SUBEB), Teaching Service Commission (TESCOM) and other state government parastatals.
“From May 2019, when the current administration began, until December 2024, a cumulative sum of N70, 198,214,414.11 had been paid to 20,956 retirees across all categories mentioned above.
“The settlement of these pension arrears is a monumental achievement in the Lagos State Public Service, reflecting Mr governor’s steadfast dedication to addressing the challenges faced by retirees in the state,” Agoro said.
He went further by saying additionally, Lagos State Pension Commission (LASPEC) on behalf of the state government, concluded sensitisation programmes for public servants in all the five divisions of the state.
“These programmes, held in October and December 2024, supported public servants to provide updated information for processing of their retirement benefits and ensured their records are current with their respective PFAs for seamless pension payment.”