Lagos: The Lagos State Government, in partnership with LASACO Assurance Plc, presented cheques totaling N978.62 million to 510 beneficiaries as insurance death benefits for the dependents of deceased public servants in the state. The presentation took place on Friday, led by the Commissioner for Finance, Mr. Abayomi Oluyomi, who emphasized the state’s commitment to providing relief for the families of the deceased workers.
According to News Agency of Nigeria, Mr. Oluyomi expressed condolences to the families and highlighted the government’s role in ensuring the welfare and safety of its citizens. He acknowledged the delays faced by some beneficiaries and pledged that the government remains committed to supporting its staff, both living and deceased. Oluyomi urged beneficiaries to exercise financial prudence and assured them of subsequent batches of benefits to be distributed in the coming months.
During the presentation, the commissioner honored the memory of the deceased with a minute’s silence and praised Governor Babajide Sanwo-Olu for the significant investments in workforce welfare. He noted that Lagos State paid over N3 billion in premiums to LASACO Assurance Plc this year alone for insurance coverage of people and assets.
The Permanent Secretary, Mr. Mahmud Alao, advised beneficiaries against extravagant spending, stressing the importance of using the funds wisely to fulfill their intended purpose. He confirmed that this was the first batch of the 2025 exercise and assured that more phases would follow soon.
Mr. Femi Saheed, Chairman of the House Committee on Finance, commended the executive arm’s diligence and encouraged civil servants to supplement government efforts by obtaining personal insurance policies. Meanwhile, Mr. Rasaq Abiodun, Managing Director of LASACO Assurance Plc, lauded the state government for its consistent premium payments and pledged continued support for its initiatives.
Mr. Segun Balogun, Chairman of the Association of Senior Civil Servants of Nigeria (ASCSN), recognized the state’s commitment to worker welfare and advocated for financial intelligence among beneficiaries. Mrs. Constance Ajayi, representing the beneficiaries, expressed gratitude to the state government for their support, acknowledging the challenges faced following her husband’s death.