Pension: Lagos pays N70bn to 21,000 retirees over 6 years, generates N3bn from procurement since 2024

Pension:  pays N70bn to 21,000 retirees over 6 years, generates N3bn from procurement since 2024

A total of N70, 198, 214,414.11 was paid to 20,956 retirees by the Lagos State government between May 2019 and 2025 under the present administration of Governor Babajide Sanwo-Olu.

Cablenews24 reports that out of the N70billion, N15.108, 672,919.19 billion was paid between May 2024 and April 2025 to 6,024 retirees.

According to the Lagos State Head of Service, Mr. Bode Agoro, during the 2025 Ministerial Press Briefing held at the Bagauda Kaltho Press Centre, Alausa, the payment and clearance of pension arrears highlight the governor’s commitment to fostering a fair and inclusive society by prioritising the welfare of pensioners.

This Online News Medium gathered that he also said through the office of the Procurement, the state generated N3,538,019,631.25 billion between 2024 and 2025.

Agoro added that the state invested more than N1.5 billion in training, welfare and development programmes for its employees over the past year.

He said such training include skills acquisition programmes, capacity-building retreats, industrial training placements, and post-service welfare schemes for retirees.
He further noted that 258 retirees benefitted from skills acquisition training in areas such as fish farming, soap production, and natural fruit processing.

Other achievements include processing 133 approvals for postgraduate research across MDAs by the Directorate of Public Service Standard and Performance, while over 1,657 students were placed in MDAs for the State’s Industrial Work Experience Scheme, SIWES.

The Head of Service said the state hosted several strategic conferences and retreats for civil service officers, including the 2025 Southwest Strategic Meeting of Heads of Service and a retreat for HR Directors focused on leadership development.

“This strategic investment reflects our administration’s commitment to repositioning the Public Service for optimal performance and innovation,” Agoro said

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