In a bid to alleviate economic hardship and foster social inclusion, the Lagos State Government, under the leadership of Governor Babajide Sanwo-Olu, is set to disburse N4 billion to pensioners in March. This initiative aims to inject much-needed funds into the economy, addressing the financial challenges faced by citizens, particularly Lagosians.
Social Inclusion at the Core of Sanwo-Olu’s Second Term
Gboyega Akosile, Chief Press Secretary to Governor Sanwo-Olu, highlighted the administration’s commitment to social inclusion during an interview with The PUNCH. He emphasized that the second term would focus on implementing measures to directly benefit the people and ease their economic burdens.
Ongoing Efforts to Alleviate Hardship
Providing updates on the government’s ongoing efforts, Akosile mentioned recent initiatives such as the Trader Money program and the disbursement of N1.1 billion in pension payments just two days ago. The government’s proactive approach underscores its dedication to mitigating the challenges faced by Nigerians, particularly Lagosians, during these challenging times.
Governor Sanwo-Olu’s Assurance and Previous Pension Payments
Governor Sanwo-Olu took to his social media handle, @jidesanwoolu, to assure the public of the government’s commitment. He shared that N3.1 billion had already been disbursed to over 1,000 retirees, along with their monthly contributions to their Retirement Savings Accounts. This payment reaffirms the administration’s unwavering dedication to retirees’ welfare.
March Anticipates Another N4 Billion Pension Payout
Looking ahead, Akosile confirmed that another substantial sum of N4 billion would be disbursed in March as part of Lagos State’s continuous leadership in pension benefits administration. This commitment by the government aims to provide financial support to pensioners, contributing to the overall economic well-being of its citizen
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BY: ENYOGHASI NGOZI PRICILLIA