Nigeria, Sept. 9 -- The Lagos State Government has issued N1.52 billion retirement bond certificates to 798 civil service retirees under the Contributory Pension Scheme (CPS).

The event, held on Monday in Lagos, was the 110th bond certificate presentation ceremony overseen by the Lagos State Pension Commission (LASPEC).

LASPEC Director-General, Babalola Obilana, said the exercise reaffirmed the government's commitment to timely pension payments.

"This signifies the fulfilment of obligations under the Contributory Pension Scheme, ensuring our retirees receive the benefits they worked hard for throughout their careers," he said.

Mr Obilana added that Lagos has built one of Nigeria's most effective pension systems despite economic challe...