Lagos State Government has disbursed N978.62 million in insurance death benefits to 510 beneficiaries, offering critical financial support to families of deceased public servants.
At the presentation at Debt Management Office, Alausa, Ikeja, Commissioner for Finance, Abayomi Oluyomi, led the distribution of cheques, in collaboration with LASACO Assurance PLC.
He said the initiative underscored Governor Babajide Sanwo-Olu administration’s dedication to the well-being of workers and their families.
“Today, we are giving out cheques to over 510 beneficiaries, totalling close to one billion Naira,” the commissioner said.
He acknowledged that while some beneficiaries experienced delays, government remained committed to ensuring no one was left behind.
Oluyomi said Lagos State workers—active or late—were fully covered by state-backed insurance programmes.
“This is not just a policy; it’s a moral duty we owe our public servants,” he said.
The commissioner advised beneficiaries to apply wisdom in the use of the funds.
“This support is not meant for flamboyant spending. Please use it judiciously to support your families,” he said, adding that another round of disbursement was expected in the next three months.
Oluyomi said the state had paid over N3 billion in insurance premiums this year, covering employees and public assets.
Permanent Secretary, Ministry of Finance, Mahmud Alao, urged recipients to consider long-term financial planning.
“This money should be a stepping stone, not a quick fix. Think of your children and future,” he said.
Chairman, House of Assembly Committee on Finance, Femi Saheed, emphasised the importance of legislative oversight in ensuring effective implementation of government insurance policies.
He encouraged civil servants to explore personal insurance options, to complement the state’s coverage.
One of the beneficiaries, Mrs. Constance Ajayi, who lost her husband, thanked the state government on behalf of the recipients.
