Governor Babajide Sanwo-Olu of Lagos State has announced his intention to abolish the payment of pension and other entitlements to former Governors and their Deputies in the state.
Speaking during the presentation of the 2021 budget before the state lawmakers, the governor said the abolition of pension for former governors and deputies will reduce the cost of governance.
The governor further disclosed that the bill which seeks to repeal the Public Office Holder (Payment of Pension Law 2007), would be sent to the Lagos State House of Assembly for legislative approval.
“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,” he said.
Notable past leaders of the state that will be affected by the move include the national leader of All Progressives Congress, Asiwaju Bola Ahmed Tinubu who served as the Governor of Lagos State from 1999 to 2007.
He was succeeded by the current Minister of Works and Housing, Babatunde Raji Fashola, who served for eight years.
Akinwunmi Ambode, who succeeded Fashola served for a single term but lost his re-election to incumbent governor and fellow party member – Babajide Sanwo-Olu in 2019.
