Governor Babajide Sanwo-Olu has announced plans to disburse N3.1 billion to over 1,000 retirees in Lagos State this week, as part of the state’s commitment to prioritizing the welfare of retirees.
Sanwo-Olu made the announcement via his X account, expressing his administration’s aim to bring smiles to the faces of families who have served the state tirelessly under the Contributory Pension Scheme.
He highlighted the administration’s previous disbursement of N60 billion to over 17,000 retirees since its inception, emphasizing the importance of retirees’ welfare to his administration.
The governor thanked state workers for their dedication and contributions to the development of Lagos, pledging to continue striving for more achievements.
The Contributory Pension Scheme in Nigeria represents a shift towards a more sustainable and efficient pension system, aiming to secure the financial future of workers by fostering disciplined saving for retirement through contributions from both employees and employers.
