Lagos State governor, Babajide Sanwo-Olu has announced his intention to repeal the Public Office Holder (Payment of Pension Law 2007), which avails the payment of pension and other entitlements to former governors of the state and their deputies.
He made this known on Tuesday, during the presentation of the 2021 budget to the Lagos State House of Assembly.
The governor said the bill would be forwarded to the Lagos State House of Assembly for legislative approval.
According to Sanwo-Olu, the abolition of pension for ex-governors and deputies will reduce the cost of governance.
He said, “Mr. Speaker and Honourable Members of the House, in light of keeping the costs of governance low and to signal selflessness in public service, we will be sending a draft executive bill to the House imminently for the repeal of the Public Office Holder (Payment of Pension Law 2007), which provides for payment of pension and other entitlements to former Governors and their Deputies.”