The Lagos State Ministry of Finance says that the government of Babajide Sanwo-Olu, since 2019, has paid about N2.60 billion benefits to deceased civil servants under the Group Life Insurance policy.
Also, the insurance department had paid N1.760 billion as claims.
The figures were presented by the Commissioner for Finance, Mr. Abayomi Oluyomi, at a news briefing in Alausa, Ikeja, in commemoration of the first year of the second anniversary of Governor Babajide Olushola Sanwo-Olu’s administration.
“Under the period under review, the Lagos State Government, led by our able and resilient Governor Babajide Sanwo-Olu, since 2019, has paid about two-point-sixty-billion naira benefits to deceased civil servants under the Group Life Insurance policy. This is in fulfillment of the electioneering campaign of our able governor,” the Commissioner said.
The commissioner also stated that the Lagos State Budget recorded 86% performance in 2023, while the year 2024 first quarter budget performance was 65% with capital to recurrent expenditure at 49:51.
“Lagos State Budget performance recorded 86% in 2023, while the year 2024 first quarter budget performance was 65% with capital to recurrent expenditure at 49:51,” Oluyomi stated.
While fielding questions from reporters, Mr.Oluyomi said the state is working at harmonizing taxes as a way to curb multiple taxation in the state.
*Photo Caption (L-R): Accountant General/Permanent Secretary State Treasury Office, Dr Abiodun Muritala; Special Adviser to the Governor on Taxation & Revenue, Mr Opeyemi Abdul-Kabir; Lagos State Commissioner for Finance, Mr Abayomi Oluyemi and Lagos State Commissioner for Information and Strategy, Mr Gbenga Omotoso, during the Lagos State 2024 Ministerial Press Briefing by the Ministry of Finance in Lagos, on Tuesday (28/05/24).
