News
Lagos govt. pays 8,170 retirees over N32bn in 2 years – Commissioner

Lagos State Government says it paid accrued pensions of more than N32 billion to 8,170 retirees between May 2019 and July 2021.
The Lagos State Pension Commission, LASPEC,said in a statement issued on Saturday that Ajibola Ponnle, Commissioner for Establishment, Training and Pensions, made the declaration on Friday.
It said the commissioner made declaration at the 87th retirement benefit bond certificates presentation to retirees.
Mrs Ponnle stated that the state government also paid more than N1billion into the Retirement Savings Accounts (RSAs) of 247 retirees for the month of July.
She said N1.1 billion had been credited into the RSAs of 247 retirees this month alongside their monthly contributions.
“Lagos State government has paid N32.8 billion to 8,170 retirees in the mainstream; local governments, the State Universal Basic Education Board, the Teaching Service Commission and other parastatal organisations,’’ she said.
The commissioner assured that the state government was committed to the welfare and interests of pensioners.
She explained that the government had continually prioritised prompt payment of pension obligations within available resources.
“In spite of the huge liabilities, the present administration has ensured prompt payment of pension entitlements to retirees under the Pay As You Go Pension Scheme monthly.
“LASPEC ensures payment of accrued pension rights to retirees under the Contributory Pension Scheme (CPS) to enable them to access their RSAs without delay,’’ she said.
Mrs Ponnle advised retirees to embrace the joy and challenges of their new phase of life.
She urged them to contact LASPEC or the ministry should they require clarifications or advice regarding the modalities surrounding their retirement benefit matters.
The commissioner congratulated the retirees and prayed that God would give them good health to enjoy their benefits.
In his remarks, the Director-General, LASPEC, Babalola Obilana, commended the state government for the efficient and effective administration of the CPS.
“One of the outcomes of effective administration of the CPS is the regular issuance of the retirement benefit bond certificates to retirees.
“I must also appreciate the unflinching support of the ministry, the Pension Funds Administrators and the insurance companies at ensuring that all our retirees have unrestrained access to their pension benefits,’’ he said.
Mr Obilana enjoined the retirees to take very good care of their health avoid unnecessary spending and beware of pensions fraudsters.
NAN
. pays 8,170 retirees over N32bn in 2 years – Commissioner
Lagos State Government says it paid accrued pensions of more than N32 billion to 8,170 retirees between May 2019 and July 2021.
The Lagos State Pension Commission, LASPEC,said in a statement issued on Saturday that Ajibola Ponnle, Commissioner for Establishment, Training and Pensions, made the declaration on Friday.
It said the commissioner made declaration at the 87th retirement benefit bond certificates presentation to retirees.
Mrs Ponnle stated that the state government also paid more than N1billion into the Retirement Savings Accounts (RSAs) of 247 retirees for the month of July.
She said N1.1 billion had been credited into the RSAs of 247 retirees this month alongside their monthly contributions.
“Lagos State government has paid N32.8 billion to 8,170 retirees in the mainstream; local governments, the State Universal Basic Education Board, the Teaching Service Commission and other parastatal organisations,’’ she said.
The commissioner assured that the state government was committed to the welfare and interests of pensioners.
She explained that the government had continually prioritised prompt payment of pension obligations within available resources.
“In spite of the huge liabilities, the present administration has ensured prompt payment of pension entitlements to retirees under the Pay As You Go Pension Scheme monthly.
“LASPEC ensures payment of accrued pension rights to retirees under the Contributory Pension Scheme (CPS) to enable them to access their RSAs without delay,’’ she said.
Mrs Ponnle advised retirees to embrace the joy and challenges of their new phase of life.
She urged them to contact LASPEC or the ministry should they require clarifications or advice regarding the modalities surrounding their retirement benefit matters.
The commissioner congratulated the retirees and prayed that God would give them good health to enjoy their benefits.
In his remarks, the Director-General, LASPEC, Babalola Obilana, commended the state government for the efficient and effective administration of the CPS.
“One of the outcomes of effective administration of the CPS is the regular issuance of the retirement benefit bond certificates to retirees.
“I must also appreciate the unflinching support of the ministry, the Pension Funds Administrators and the insurance companies at ensuring that all our retirees have unrestrained access to their pension benefits,’’ he said.
Mr Obilana enjoined the retirees to take very good care of their health avoid unnecessary spending and beware of pensions fraudsters.
NAN
Headlines
China Introduces Instant Tax Refunds for Foreign Tourists to Boost Shopping Experience

China has revamped its tax refund policy for foreign tourists, shifting from a refund-upon-departure model to a more convenient refund-upon-purchase system, according to the State Taxation Administration (STA).
The STA announced on Tuesday that under the new system, foreign visitors can now claim Value Added Tax (VAT) rebates instantly at designated tax-free stores. This change allows tourists to use their refunded amount immediately for additional shopping, enhancing their overall experience in China.
Previously, VAT rebates could only be withdrawn upon departure, but with the new policy, tourists will be able to access their refunds in real-time during their stay. The policy, which was initially tested in cities like Shanghai, Beijing, and Guangdong, has now passed all operational requirements and will be rolled out nationwide.
The STA emphasized its dedication to improving policy guidance and simplifying refund procedures to better serve international visitors.
Li Xuhong, Vice-President and Professor at the Beijing National Accounting Institute, welcomed the change, stating that the nationwide implementation would raise China’s tourism service standards. “It will foster a friendly, efficient, and convenient tourism environment,” Xuhong added.
Headlines
Nigeria Reaffirms Commitment to One-China Policy Amid Taiwan’s Trade Office Claims

Rep. Jaafaru Yakubu, Chairman of the House of Representatives Committee on China-Nigeria Parliamentary Relations, has reiterated Nigeria’s firm commitment to the One-China Policy, following recent comments by Taiwan’s Trade Mission Head in Nigeria, Andy Yih-Ping Liu.
Speaking in Abuja on Tuesday, Yakubu firmly declared that Nigeria continues to recognize Taiwan as an integral part of the People’s Republic of China. He rejected Liu’s claim that Taiwan was not part of China, labelling it as “propaganda” aimed at undermining the strong diplomatic ties between Nigeria and China.
“For the record, United Nations General Assembly Resolution 2758, adopted in 1971, recognised the People’s Republic of China as the sole legitimate representative of all of China, including Taiwan,” Yakubu stated. “The One-China Policy remains the cornerstone of China-Nigeria relations.”
He emphasized that since Nigeria and China established diplomatic ties in 1971, the country has consistently upheld this principle. “Efforts by Taiwan’s trade office to challenge this stance are futile and will not succeed,” Yakubu added.
Yakubu criticized Liu’s comments as an attempt to draw Nigeria into China’s internal matters, accusing the Taiwanese official of deliberately sowing discord and provoking a diplomatic rift. “Nigeria’s relationship with China is built on mutual respect and non-interference in each other’s political matters,” he said.
In response to Liu’s claim that China acted as a bully, Yakubu pointed to the positive trajectory of Nigeria-China relations. “Contrary to these baseless assertions, Nigeria has enjoyed a mutually beneficial partnership with China, yielding tangible results for both nations. Since 1971, our ties have grown significantly.”
He highlighted the strategic nature of the partnership, referencing the elevation of the relationship to a Comprehensive Strategic Partnership during the 2024 FOCAC Summit in Beijing. “Today, Nigeria stands as China’s second-largest trading partner in Africa, with bilateral trade surpassing 20 billion dollars,” Yakubu noted.
Furthermore, Yakubu praised China’s role in Nigeria’s infrastructural development, with investments in sectors such as rail networks, roads, ports, power stations, and water treatment facilities.
Headlines
Shettima Warns Media Against Romanticising National Challenges

Vice President Kashim Shettima has cautioned Nigerian media practitioners against the growing tendency to romanticise serious national issues, describing the trend as a dangerous departure from the media’s constitutional duty of promoting truth and accountability.
Represented by his Special Adviser on Special Duties, Modibbo Umar, the Vice President issued the warning on Tuesday while delivering a speech at the 17th LEADERSHIP Conference and Awards held at the Old Banquet Hall of the State House, Abuja.
“We must resist the temptation to romanticise serious national issues or frame them in ways that distort public understanding,” Shettima said. “Doing so only weakens the fabric of our democracy and derails our collective efforts at nation-building.”
The Vice President’s remarks came as stakeholders in governance, business, and civil society gathered to reflect on the theme of the event, “Challenges and Opportunities in Nigeria’s Fiscal Federalism.” The conference provided a platform for thoughtful engagement on some of the country’s most pressing issues, with a focus on the responsibilities of leadership at all levels.
Shettima also used the occasion to commend LEADERSHIP Newspapers Group for its consistent contributions to national discourse and its commitment to celebrating excellence in leadership.
“I commend LEADERSHIP Newspaper for the vision to convene this vital discourse and for shining the light on those who have chosen to lead with courage and competence. May we never tire of striving for a better Nigeria,” he said.
The annual LEADERSHIP Conference and Awards continues to be a major event that brings together influential voices to deliberate on national progress and honour individuals and institutions making meaningful impact in society.
-
Business3 years ago
Facebook, Instagram Temporarily Allow Posts on Ukraine War Calling for Violence Against Invading Russians or Putin’s Death
-
Headlines3 years ago
Nigeria, Other West African Countries Facing Worst Food Crisis in 10 Years, Aid Groups Say
-
Foreign3 years ago
New York Consulate installs machines for 10-year passport
-
Technology7 months ago
Zero Trust Architecture in a Remote World: Securing the New Normal
-
Entertainment3 years ago
Phyna emerges winner of Big Brother Naija Season 7
-
Business10 months ago
Nigeria Customs modernisation project to check extortion of traders
-
Business1 year ago
We generated N30.2 bn revenue in three months – Kano NCS Comptroller
-
Headlines10 months ago
Philippines’ Vice President Sara Duterte resigns from Cabinet