The Lagos State Government at the weekend revealed that its pension payment has hit N9.3 billion.
The payment was made to 2,466 retirees in the state between May 2017 and March 2018.
The State Commissioner for Establishment, Training and Pensions, Dr. Akintola Benson-Oke said this at the 2018 Ministerial Press Briefing to mark the administration’s three years in office.
He said that the state government through the Lagos State Pension Commission (LASPEC) paid the sum of N9.3 billion into the Retirement Savings Accounts (RSA) of 2,466 public retirees within the last one year.
There has been continued significant reduction in outstanding backlog of terminal entitlements of retired public servants.
He said that the ministry will continue to sensitize retirees on activities of pension fraudsters so that they will get their entitlements without hitch.