May Day: Sanwo-Olu doubles life insurance for Lagos health workers

Phenomenal
Phenomenal

The atmosphere was sombre on Friday at the State House in Marina, where the Lagos State Government and leaders of organised labour unions held a low-key event to commemorate the 2020 Workers’ Day.

Babajide Sanwo-Olu used the opportunity of the May Day anniversary to appreciate frontline health and emergency workers, whom he described as heroes, for sacrificing their personal well-being for the efforts at combating the Coronavirus pandemic.

The Governor said the commemoration of Workers’ Day should be a reminder to stakeholders that the concept of development must be far-reaching and inclusive for it to benefit the society in general.

Describing the labour force as “a critical stakeholder” in good governance and “engine-room” of the economic growth, Sanwo-Olu said his administration, since inception, had prioritised payment of new minimum wage to workers as a demonstration of his Government’s commitment to improving their welfare.

He also said his administration had continued to assist families of workers who die in the line of duty, adding that the State had not relented, despite COVID-19 pandemic, in paying 418 pensioners for their pension bond arrears.

He said: “It is only fitting that I dedicate this year’s commemoration of the Workers’ Day to celebrating the true heroes of this season, which are the health workers on the frontline of the battle against COVID-19.

“Since this virus started to ravage our communities and disrupt our lives, these heroes have not just been going to work daily, they have been going to war daily against this unseen enemy.

“Workers across public and private sectors, who are represented by various Labour Unions, are the engine-rooms of our economy, and the nucleus of wealth generation.

“My administration will always seek harmonious relationship with workers for the progress and prosperity of our State.

“The prompt approval and payment of the new minimum wage is a proof that we care about the welfare of our workforce.”

With effect from last January, Sanwo-Olu said his Government had increased the employers’ contribution to employees’ Retirement Savings Account from 7.5 per cent to 10 per cent.

This, he said, complemented employees’ contribution of 8 per cent, bringing it to a total of monthly contribution of 18 per cent.

Sanwo-Olu said his administration had also approved the monthly release of a pension bail-out fund to the tune of N1.083 billion.

He also disclosed that the State Government had procured additional life and health insurance for all frontline health workers to cater for the hazard they face in the ongoing battle against coronavirus, bringing it to two-level protection.

This is in addition to the approval of increment in the hazard allowance of frontline emergency workers.

He said: “I should also mention that we have put in place additional health and life insurance for all our front-line health workers in the state to ensure that they are adequately insured.

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