In a gesture that reflects deep appreciation for the dedicated service of its workforce, the Lagos State Government disbursed retirement benefits totaling N2.02 billion to 644 retirees in the month of August. This heartening development was revealed during the 101st retirement bond certificate presentation ceremony held in Lagos on a Wednesday. The event was well-attended by retirees from the state, marking a meaningful recognition of their contributions.
Speaking at the ceremony, Mr. Babalola Obilana, the Director-General of the Lagos State Pension Commission, highlighted the significance of the retirement bond certificates that were handed out. He stressed that these certificates carry a symbolism that goes beyond mere financial rewards; they stand as a testament to the trust and confidence that Lagos places in its retired workforce.
Mr. Obilana further elaborated, “Today, the administration of Governor Babajide Sanwo-Olu will present another set of 644 retirees with a sum of N2.02 billion only, being their past service benefits prior to the commencement of the Contributory Pension Scheme in 2007.” This demonstration of commitment not only showcases the government’s dedication to honoring the service of its retirees but also signifies its adherence to fulfilling financial obligations for their years of dedicated work.
The event served as a meaningful platform to acknowledge the retirees’ dedication and to commemorate their lasting impact. Mr. Obilana praised the retirees for their exceptional contributions and unwavering dedication, acknowledging that their hard work has laid the foundation for the advancement of Lagos, aptly referred to as the ‘goal of a greater Lagos’.
He took the opportunity to extend gratitude to Governor Babajide Sanwo-Olu for his steadfast commitment to ensuring the consistent payment of pension liabilities to retirees. Mr. Obilana noted that Governor Sanwo-Olu’s dedication to the ideals of the Contributory Pension Scheme (CPS) exemplifies his prioritization of the welfare of the public service workforce, even during retirement.
In a closing remark that resonated with the retirees, the director-general stated, “This retirement bond certificate presentation ceremony is not just a formality; it is a moment to reflect upon the remarkable contributions you all have made.” The event encapsulated a collective expression of gratitude and recognition for the tireless efforts of the retirees in shaping Lagos and its future.