Lagos State Governor, Akinwunmi Ambode, has approved the allocation of N11 billion to offset all pension liabilities in the state accrued since 2010.
The state’s Head of Service, Shade Jaji, on Wednesday confirmed the news via a statement, Tribune reports.
An excerpt of the statement reads:
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 parastatal agencies, including local governments and SUBEB, which will be made monthly, commencing from August 2015.