Mr Sanwo-Olu described the gesture as part of ongoing efforts to strengthen institutional capacity and improve governance.
He said Eid-el-Fitri was reminder of the enduring values taught during Ramadan.
The governor said his administration holds retirees in high esteem.
He highlighted ongoing efforts to establish the Lagos International Financial Centre.
He said the trust fund would bridge government and private sector participation in sports development.
Governor Babajide Sanwo-Olu says Lagos is ready to partner with the World Bank Group in energy, agriculture, tourism and human capital development.
Mr Sanwo-Olu said that leadership in Lagos State was defined by discipline and measurable outcomes.
Mr Sanwo-Olu said the appointees were chosen for their competence and record of service.
Mr Sanwo-Olu said that he was committed to making the state a driving force in its exploits for the benefit of residents.
With this batch, Mr Sanwo-Olu has sworn in 111 permanent secretaries—the highest in the state’s history.
