668 Lagos Retirees Receive ₦1.13bn in Bond Certificates
The Lagos State Government has disbursed bond certificates worth ₦1.13 billion to 668 retirees, marking another step in its efforts to settle outstanding pension obligations.
The initiative is part of the state’s ongoing commitment to ensuring that retired public servants receive their benefits in a timely and structured manner. Officials say the bond certificates will provide financial security and support to beneficiaries after years of service.
Speaking on the development, government representatives highlighted the importance of prioritizing retirees’ welfare, noting that such payments help ease post-retirement challenges.
The event, which took place in Lagos, reflects broader efforts to strengthen pension systems and maintain trust between the government and its workforce.
Beneficiaries have expressed appreciation for the gesture, describing it as a relief amid rising living costs in Nigeria.
Stakeholders believe that consistent pension payments and bond disbursements are essential to ensuring economic stability for retirees and sustaining confidence in public service employment.
As the state continues to address pension liabilities, the move is being seen as a positive step toward improving the welfare of retired workers.
