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8 December 2021

Lagos pays retirees N34.12bn under contributory pension scheme

The Lagos State Governor, Babajide Sanwo-Olu, has said the state has paid N34.12bn to retirees under the Contributory Scheme since the inception of his administration. Sanwo-Olu said this during the presentation of retirement bond certificates to the 90th batch of CPS retirees in Lagos on Saturday.

The Lagos State Governor, Babajide Sanwo-Olu, has said the state has paid N34.12bn to retirees under the Contributory Scheme since the inception of his administration. Sanwo-Olu said this during the presentation of retirement bond certificates to the 90th batch of CPS retirees in Lagos on Saturday. He said, “It is gratifying to note that as at the 89th bond presentation batch, the state government had paid a sum of N34.12bn into the Retirement Savings Account of retirees in the mainstream, local government, State Universal Basic Board, Teaching Service Commission and other parastatals of the state government. -The Punch page 32