Business
Lagos Declares N55.6bn Pension Contribution For 2014
Lagos State Government has declared a total of N55.6 billion as joint pension contribution accrued from 2007, when the state started the implementation of the Contributory Pension Scheme (CPS), till 30th December, 2014.
The Director General, Lagos State Pension Commission (LASPEC), Mr. Rotimi Adekunle Hussain, made this disclosure at the 7th pre-retirement seminar organized for core civil servants, parastatals and Local government employees due to retire between January to June 2015.
Speaking at the seminar held in Alausa Ikeja Lagos, at the weekend, Hussain said since the commencement of the scheme, government has not failed in its responsibility to make timely rendition of its counterpart contribution in the retirement savings account (RSA) of its civil servants.
He pointed out that the state government has never shirked from its responsibility and commitment to the regular contribution of 7.5 percent deducted from the salary of every employee and the counterpart 7.5 percent contribution by the state government.
Explaining further, he stated that between April 2007 and 30th December, 2014, the joint contribution has grown to the turn of N55.6 billion.
Hussain said the state government equally paid N30.4 billion pension in the RSA of 5,773 retirees, to ensure that the retirees get their retirement benefits as and when due and without the stress usually associated with the old PAY-AS-You-GO scheme.
The pension commission DG commended the administration of Governor Babatunde Fashola for its support to CPS, adding that the administration has made the state one of the best in the implementation of the scheme in the country.
Earlier, the Head of Service, Lagos State, Mrs Josephine Oluseyi Willaims, stated that the government may pay the pension of local government staff and some parastatals, but insisted that not all the parastatals are entitled to the payment.

L-R: President Cardinal, Rex Jim Lawson Centre for Peace and Conflict Resolution and Culture, Sopriala Bobmanuel, Face of Commerce, Amakwe Becky Uchenna, President, PHCCIMA, Engr. Emeka Unachukwu, Rex’s daughter, Mrs Princess Rex Lawson Obire, Rev. Sakari Soberekon, Amaopu Senibo, King Sonny Brown and Chief Godspower Kokoriko, during the general meeting between PHCCIMA and Rex Lawson Centre for Peace and Conflict Resolution and Culture in Port Harcourt recently Photo: Egberi A. Sampson
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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