Governor of Lagos State, Babajide Sanwo-Olu has announced intention to repeal Public Office Holder (Payment of Pension Law 2007), which provides for payment of pension and other entitlements to former Governors and their Deputies.
He made this known on Tuesday, November 10 while presenting the 2021 budget to the Lagos State House of Assembly.
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According to Sanwo-Olu, the move was in the light of keeping he costs of governance low and to signal selflessness in public service.
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.
Governor Sanwo-Olu said his administration believes that with dwindling revenues and inflationary growth rates, there is a need to come up with “innovative ways of keeping the costs of governance at a minimum while engendering a spirit of selflessness in public service”.
