Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Government

Lagos Governor Clears Pension Backlog

Eriki Joan UgunushebyEriki Joan Ugunushe
July 4, 2024
in Government
0
Lagos Governor Clears Pension Backlog
Share on FacebookShare on TwitterShare on Whatsapp

Lagos State Governor Babajide Sanwo-Olu triumphantly declared the eradication of all pension backlogs on Thursday. In a flashy statement on X.com, Sanwo-Olu announced that the state has finally coughed up ₦4.46 billion to satisfy 2,000 retirees, ending the lingering pension arrears once and for all.

Table of Contents

Toggle
  • What They Are saying
  • Why It Matters
  • Bottom Line

What They Are saying

“Today, we effectively cleared all pension backlog in Lagos State with the payment of ₦4,461,659,536.82 to 2,000 retirees,” Sanwo-Olu boasted.

Remember back in February, when he doled out ₦3.1 billion to 1,013 retirees with the grand promise to settle all arrears and current pension liabilities? Well, lo and behold, that promise has miraculously been fulfilled today. What a hero!

Sanwo-Olu didn’t stop there. He proudly detailed that since he took office, his administration has generously deposited over ₦68 billion into the Retirement Savings Accounts of retirees across various government departments. If there’s one thing this administration knows how to do, it’s to throw money at a problem and call it a day.

He further touted the “Pay As You Go” pension model, promising that future retirees will receive their full benefits and gratuity immediately upon retirement. Because nothing says efficiency like waiting until the last minute to fix a broken system.

Why It Matters

But wait, there’s more! In an attempt to cover all bases, the state has also launched a Health Insurance Scheme tailored specifically for retirees. This scheme is supposed to provide access to a wide range of medical services, from routine check-ups to specialized treatments. Because retirees definitely haven’t been needing those services up until now.

Bottom Line

So, there you have it. Sanwo-Olu’s administration has finally tackled the pension backlog, just in time for… well, just in time to say they’ve done it. Let’s hope this trend of last-minute heroics becomes a thing of the past.

Tags: Backlogfederal charactergovernmentGovernorlagosLagos Governor Clears Pension BacklogNewsNigeriapension
Eriki Joan Ugunushe

Eriki Joan Ugunushe

Eriki Joan Ugunushe is a dedicated news writer and an aspiring entertainment and media lawyer. Graduated from the University of Ibadan, she combines her legal acumen with a passion for writing to craft compelling news stories.Eriki's commitment to effective communication shines through her participation in the Jobberman soft skills training, where she honed her abilities to overcome communication barriers, embrace the email culture, and provide and receive constructive feedback. She has also nurtured her creativity skills, understanding how creativity fosters critical thinking—a valuable asset in both writing and law.

Related Posts

Ghana in Mourning as Former First Lady Nana Konadu Agyeman-Rawlings Dies at 76
Government

Ghana in Mourning as Former First Lady Nana Konadu Agyeman-Rawlings Dies at 76

October 23, 2025
Nigeria Bans Sex with Minors but Ignores Muslim Marriages to Minors
Government

Nigeria Bans Sex with Minors but Ignores Muslim Marriages to Minors

October 22, 2025
Sarkozy Gets VIP Treatment in Jail as Police Guard His Cell
Government

Sarkozy Gets VIP Treatment in Jail as Police Guard His Cell

October 22, 2025
Next Post
Ghana’s VP Chooses Controversial Running Mate

Ghana's VP Chooses Controversial Running Mate

Tinubu Administration Defends Samoa Agreement Amid LGBTQ Controversy

Tinubu Administration Defends Samoa Agreement Amid LGBTQ Controversy

America’s 248th Independence Day Marked by Biden-Trump Rivalry and Democratic Party Struggles

America's 248th Independence Day Marked by Biden-Trump Rivalry and Democratic Party Struggles

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Ivory Coast Joins the Mpox Clade 2 Club

Ivory Coast Joins the Mpox Clade 2 Club

1 year ago
Afrobeats Could Be Bigger If Davido, Wizkid Collaborated — Asa Asika

Afrobeats Could Be Bigger If Davido, Wizkid Collaborated — Asa Asika

4 months ago
Dollar, Euro and Pounds To Naira Exchange Rate For Today, October 30 2023

Dollar, Euro and Pounds To Naira Exchange Rate For Today, October 30 2023

2 years ago
Russia Warns of World War III Risks

Russia Warns of World War III Risks

1 year ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Chloe Bailey Breaks Silence on Romance With Burna Boy — Here’s What We Know

Wembanyama Drops 40 in Stunning Return as Spurs Crush Mavericks in Season Opener

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

Osimhen Scores Twice as Galatasaray Win 3-1 Away Against Bodo/Glimt in Champions League

The Internet Declared Kendall Jenner’s ‘King Kylie’ Outfit a ‘Fail.’ Here’s Why They’re Right

Nigeria Bans Sex with Minors but Ignores Muslim Marriages to Minors

Trending

Movie Review: Why Same Place, Same Time Is Undermined by Weak Plot and Technical Flaws — 4/10
Entertainment

Movie Review: Why Same Place, Same Time Is Undermined by Weak Plot and Technical Flaws — 4/10

byAyobami Owolabi
October 23, 2025
0

Bolaji Ogunmola’s latest film, Same Place, Same Time, promises a story about love, friendship, and timing but...

Ghana in Mourning as Former First Lady Nana Konadu Agyeman-Rawlings Dies at 76

Ghana in Mourning as Former First Lady Nana Konadu Agyeman-Rawlings Dies at 76

October 23, 2025
Miami Heat’s Terry Rozier Arrested in FBI Sports Betting Investigation

Miami Heat’s Terry Rozier Arrested in FBI Sports Betting Investigation

October 23, 2025
Chloe Bailey Breaks Silence on Romance With Burna Boy — Here’s What We Know

Chloe Bailey Breaks Silence on Romance With Burna Boy — Here’s What We Know

October 23, 2025
Wembanyama Drops 40 in Stunning Return as Spurs Crush Mavericks in Season Opener

Wembanyama Drops 40 in Stunning Return as Spurs Crush Mavericks in Season Opener

October 23, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Movie Review: Why Same Place, Same Time Is Undermined by Weak Plot and Technical Flaws — 4/10
  • Ghana in Mourning as Former First Lady Nana Konadu Agyeman-Rawlings Dies at 76
  • Miami Heat’s Terry Rozier Arrested in FBI Sports Betting Investigation

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com