Lagos Gov. Ambode Approves Release Of N11bn To Offset Pension Arrears

Gov. Akinwunmi Ambode of Lagos State has approved the release of N11 billion to offset all pension liabilities in the state accrued since 2010.
The state’s Head of Service, Mrs Shade Jaji, in Lagos on Wednesday said that the move was to bring succour to all retirees in the state’s public service.




She added

"The state government has developed a comprehensive payment plan to resolve all outstanding pension issues in the immediate (short), medium and long terms.
"The short and immediate term plan is for pension payments to MDAs and Parastatals, including local governments and SUBEB, which will be made monthly, commencing from August 2015,’’ Jaji said.