Lagos Govt Cuts 2020 Budget By 21% To N920.5bn     The Lagos State government has revised downwards by 21 per cent its year 2020 Budget, the Commissioner for Economic Planning and Budget, Sam Egube, has said. Egube, who stated this yesterday at press briefing with his Information...

Lagos Approves N13bn Pension Bailout   Lagos State Government says it approved N13bn pension bail in the 2020 budget, and released N1.92bn for the payment of accrued pension rights. A statement said this was disclosed during the 71st batch retirement bond certificates presentation ceremony to 444 retirees...

Lagos To Begin 18% Pension Contributions The Lagos State Government says it will begin the remittance of 18 per cent contributions into its workers’ Retirement Savings Accounts. The Director-General, Lagos State Pension Commission, Folashade Onanuga, disclosed this at the 17th Retirement Benefits Documentation seminar in Lagos. She...

Lagos State Govt Amends Pension Laws, Raises Workers’ Savings To 18%   The Lagos State Governor, Mr Akinwunmi Ambode, has signed into law the amendment of the Lagos State Pension Reform Law which increased the contribution rates under the Contributory Pension Scheme to 18 per cent. A...

Pension, Lagos Pays N892m Accrued Rights   The Lagos State Government says it has paid N892m into the Retirement Savings Accounts of 156 retirees for the 50th batch under the Contributory Pension Scheme. According to a statement obtained from the Lagos State Pension Commission on Sunday, the...

N4.9bn Loans Granted To 5,800 SMEs By The Lagos State Government   Not less than 5,800 businesses have received approximately N4.9bn from the Lagos State Employment Trust Fund. The LSETF was set up by Governor Akinwunmi Ambode to lift businesses and unemployed residents in the state. Speaking at...