Lagos State Governor, Babajide Sanwo-Olu has disclosed his government’s plan to repeal the Public Office Holder (Payment of Pension Law 2007).
The law provides for payment of pension and other entitlements to former Governors and their Deputies.
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Sanwo-Olu made this known on Tuesday while presenting the 2021 budget to the Lagos State House of Assembly.
The budget presentation was attended by a number of dignitaries.
He said the Executive Bill would soon be sent to the Lagos Assembly for consideration and approval.
According to the Governor, the abolition of pension for former 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.”
