Lagos approves N707m pension bailout for parastatals
The Commissioner for Establishments, Training And Pensions, Mrs Ajibola Ponnle, has said Lagos State government approved a bailout of N707.62m for some parastatals to pay the pensions of their retirees. She disclosed the bailout of the parastatals that could not raise the funds at the 98th batch retirement bond certificate presentation ceremony in Lagos on Friday. “In line with his administration’s vision to cater to its employees even in retirement, Mr Governor also recently approved the appeal for a bailout by...