The Lagos State Government has reiterated its commitment to workers' welfare with the presentation of retirement bond certificates worth over ₦1 billion to the 111th batch of retirees across the state's public service.
Speaking at the ceremony held at NECA House, Alausa, the Head of Service, Mr. Bode Agoro—represented by Mrs. Bukola Durodola—urged retirees to invest their pension benefits wisely and take advantage of the state's post-service empowerment and wellness programmes.
Agoro commended Governor Babajide Sanwo-Olu for approving ₦1.003 billion for the payment of accrued pension rights to 465 retirees from the civil service, local governments, SUBEB, TESCOM and other parastatals. He said the initiative reflects the governor's compassion and commitment to ensuring that those who served the state are rewarded and supported after active service.
The Director-General of the Lagos State Pension Commission (LASPEC), Mr. Babalola Obilana, said the state has sustained a transparent and efficient pension administration system that prioritises timely payment of benefits. He encouraged retirees to channel their benefits into viable small and medium-scale ventures that can sustain them and contribute to the state's economic growth.
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Executive Director of LASPEC, Mr. Olumuyiwa Oshin, described retirement as a new beginning filled with opportunities for service, investment and entrepreneurship, urging retirees to "refire, not retire."
Meanwhile, LASPEC recently organised its 29th Retirement Benefit Documentation Seminar for over 1,000 would-be retirees, providing information and guidance on financial management, investment and business development.
Agoro assured that the state government remains committed to ensuring prompt processing of retirement benefits and continued support for retirees as they transition into post-service life and enterprise.
