By Fatima Muktar
The Lagos state government has said that a total of N16.9billion was released for payment to pensioners in the state between April 2016 and March 2017.
The state governor, Akinwunmi Ambode stated this on Thursday, April 20 at the commissioning of the headquarters of Providus Bank.
The governor also said N2billion was disbursed to young entrepreneurs and artisans under the N25billion Employment Trust Fund (ETF) scheme in the last three months.
Governor Ambode said the consistent investment of the state government in critical sectors contributed to the resurgence of the economy for which the World Economics have said that the Nigerian economy would soon grow out of recession.
“We have maintained a consistent programme of actively reflating the economy through massive expenditure in infrastructural development and engaging competent local contractors who in turn employ our people.
“Our Light Up Lagos initiative has given traders and artisans extended time to carry out their businesses as we move towards our 24/7 economy. With these actions, we energized the economy and ensured that commercial activities continued in the State,” Governor Ambode said.
The governor commended President Muhammadu Buhari over the Economic Recovery and Growth Plan (ERGP) recently released by the Federal Government.
He said the economic blueprint would go a long way in charting the course for the economic recovery and growth desired by all.