Lagos Government Disburses N978.62 Million in Insurance Benefits to Families of 510 Deceased Public Servants

Lagos State Government and LASACO Assurance Partnership

In a major move to underscore its commitment to the welfare of public servants and their families, the Lagos State Government, in partnership with LASACO Assurance Plc, has presented checks worth N978.62 million to 510 beneficiaries. These funds represent insurance death benefits for the dependents of deceased state workers who died in active service.

The presentation, which took place on Friday, marks a significant milestone in the state’s effort to provide relief and financial security to families grappling with the loss of their loved ones. It also reinforces Lagos State’s stance on employee welfare, even after death.

A Strong Message of Compassion and Responsibility

The event was led by the Lagos State Commissioner for Finance, Mr. Abayomi Oluyomi, who emphasized that the gesture was not just about the financial support but also a demonstration of the state’s deep commitment to the well-being of its workers past and present.

All the staff of Lagos State know that the government is taking care of them, whether they are alive or not,” Oluyomi said during the presentation.

 He expressed his heartfelt condolences to the families and called for forgiveness from beneficiaries who had anticipated the payment earlier than it came. He acknowledged the difficult circumstances the families had endured, noting that the delay was never intentional but a result of internal processes that had to be diligently followed.
Mr. Oluyomi also led a minute of silence in honor of the deceased workers, praying for the repose of their souls and strength for the families left behind.

Financial Relief Through State-Sponsored Insurance Policies

According to Mr. Oluyomi, the insurance benefits of close to one billion naira were made possible through the proactive policy of the Lagos State Government, which ensures that public servants are adequately covered by group life insurance during their time in service.

This particular government has shown over time that it values its workforce. Today, we are giving out cheques to over 510 people, totaling close to one billion Naira,” he announced.

This first phase of disbursement is part of a broader compensation plan that is expected to continue in batches, with the next round scheduled to take place in three months. The finance commissioner urged those not captured in this phase to exercise patience, assuring them that their turn would come soon.

Lagos State Invested Over N3 Billion in Insurance Premiums in 2025
One of the most remarkable aspects of this initiative is the significant financial commitment Lagos State has made toward insurance coverage. Mr. Oluyomi revealed that the state had already paid over N3 billion in insurance premiums in 2025 alone to LASACO Assurance Plc, which is the official insurance partner of the state.

This investment not only covers life insurance for public workers but also protects state assets, signaling a well-rounded and responsible approach to risk management.

This year alone, we paid a premium of over N3 billion to LASACO Assurance Plc for people and assets insurance,” he said.

Stakeholders Call for Financial Prudence and Strategic Investment

The Permanent Secretary in the Ministry of Finance, Mr. Mahmud Alao, used the opportunity to urge beneficiaries to avoid impulsive spending and instead make informed financial decisions that would secure their future.

This money is meant to serve as succor during a difficult time. Please be diligent and avoid lavish spending that may jeopardize your family’s future,” Alao advised.

His sentiments were echoed by Mr. Femi Saheed, Chairman of the House Committee on Finance in the Lagos State House of Assembly, who outlined the lawmakers’ oversight responsibilities in ensuring the executive branch fulfills its insurance obligations.
Saheed praised Governor Babajide Sanwo-Olu and the finance team for prioritizing the welfare of state employees, noting that civil servants should also consider enrolling in private or supplementary insurance schemes to further protect themselves and their families.

LASACO Assurance Commits to Continued Support

The Managing Director of LASACO Assurance Plc, Mr. Rasaq Abiodun, commended the Lagos State Government for its consistency in premium payments, describing it as a model for other states in Nigeria.

He emphasized that insurance is a vital tool for social protection, especially for civil servants whose families may face financial uncertainty in the event of an untimely death.

We urge beneficiaries to invest wisely and safeguard the funds they have received. LASACO remains committed to supporting Lagos State and its workforce,” Abiodun said.

Civil Service Union Praises Government Initiative

The chairman of the Association of Senior Civil Servants of Nigeria (ASCSN), Mr. Segun Balogun, lauded the state government for its continuous commitment to the welfare of workers.

Balogun also emphasized the importance of financial intelligence, encouraging beneficiaries to engage financial advisors or trusted institutions before making investment decisions.

This gesture is commendable. However, the responsibility now lies with the beneficiaries to use the money wisely. We have seen cases where such funds are squandered in a short time, leading to more hardship,” he warned.

Voices of Gratitude from the Beneficiaries

Several beneficiaries who received their checks during the ceremony expressed their appreciation for the state’s intervention. One of them, Mrs. Constance Ajayi, who lost her husband earlier in the year, thanked the Lagos State Government for remembering her family.

The death of my husband left us in emotional and financial distress. This support gives us hope and relief. I am grateful to the Lagos State Government for not abandoning us,” she said.

Other recipients echoed similar sentiments, with many promising to use the funds to pay school fees, invest in small businesses, or complete building projects their deceased loved ones had started.

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Sustaining the Legacy of Care
The disbursement of nearly N1 billion in insurance benefits is more than just a financial gesture. It is a profound statement that underscores the Sanwo-Olu administration’s commitment to the welfare of its workforce and their families.
With more batches of payments scheduled and ongoing investments in insurance policies, Lagos State continues to set a high standard in employee care and social protection.
In a nation where many civil servants retire or pass away without support, Lagos is proving that with good governance, compassion, and planning, governments can truly make a difference in the lives of their people, even in death.

The Lagos State Government’s initiative to compensate families of deceased workers is not just a ceremonial gesture; it’s a bold step in ensuring human dignity, financial security, and institutional responsibility. The hope is that this model will inspire other state governments in Nigeria to follow suit and prioritize public service welfare in meaningful ways.

By Primelineinfo