Govenor Akinwunmi Ambode of Lagos State has said that his administration released N16.9 billion pension arrears from April 2016 to March this year.
Ambode stated this on Thursday when he inaugurated the headquarters of Providus Bank in Lagos.
He also said that N2 billion had also been disbursed to young entrepreneurs and artisans under the N25 billion Employment Trust Fund (ETF) scheme.
The governor said that his administration had maintained a consistent programme of actively reflating the economy through massive expenditure in infrastructure development and engaging competent local contractors to employ the people.
Ambode expressed delight at the consistent investment of the state government in critical sectors that contributed to the resurgence of the economy.
He said as a government, his administration was relentless in its commitment to providing a conducive, safe and secure enabling environment for businesses to thrive.
The governor also said that efforts were being made daily to improve the ease of doing business in the state, especially by working to ensure that all businesses succeeded, even in a 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.