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The governor of Lagos State, Babajide Sanwo-Olu, has introduced the plan of his administration to disburse a swooping N3.1 billion to over 1,000 retirees within the state within the coming week.
Sanwo-Olu made this announcement on Friday via his X (previously Twitter) account, including that his administration aimed to place smiles on the faces of households.
In response to him, the disbursement can be below the Contributory Pension Scheme of Lagos, affecting over 1,000 retirees.
He stated,
- “I’m joyful to share some information with you that I hope will put smiles on the faces of households.
- “Subsequent week, we’re set to disburse N3.1 billion below the Contributory Pension Scheme to over 1,000 retirees who’ve served our state tirelessly. Your sacrifices haven’t gone unnoticed.
- “Prioritizing the welfare of those that’ve formed Lagos’ historical past isn’t just a dedication; it’s our legacy. Your belief is paramount, and collectively, we’re setting up a Lagos that champions its personal.”
Lagos paid N60 billions to 17,000 retirees
Talking additional, the governor famous that his administration to this point has paid about N60 billion to over 17,000 retirees since its inception.
He added that the achievement is a supply of delight to him, emphasizing that the welfare of the retirees of the state is of utmost precedence to his administration.
He additionally lauded the employees of the states for his or her contribution, including that they’ll proceed to try extra for the event of Lagos.
- “It’s pertinent to be aware of the truth that within the lifetime of our administration, we’ve disbursed over N60 billion as pension to over 17,000 retirees. This achievement fills us with delight.
- “A heartfelt thanks on your unwavering dedication. Your contributions from the very basis of our vibrant state. There may be a lot extra to be carried out, and we’ll proceed to try to realize extra.
- “Let’s maintain constructing a stronger, caring Lagos collectively,” he added.
What it is best to know
- The Contributory Pension Scheme in Nigeria is an initiative of the nation’s pension system.
- This scheme represents a elementary shift from the earlier outlined profit scheme to a extra sustainable and environment friendly outlined contribution system. It goals to safe the monetary way forward for employees.
- Underneath this scheme, each staff and employers contribute to the pension fund, fostering a behavior of disciplined saving for retirement. This encourages monetary accountability and helps people construct a considerable retirement corpus.
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