The governor of Lagos State, Babajide Sanwo-Olu, has today announced his intention to repeal the Public Office Holder (Payment of Pension Law 2007), which provides for payment of pension and other entitlements to former governors and their deputies.
Sanwo-Olu made this known while presenting the 2021 budget to the Lagos State House of Assembly. He said the bill would be sent to the Lagos Assembly for legislative approval.
If the abolishment of the payment of Pension Law 2007 is approved by the State House of Assembly, it means that past governors of the state such as; Bola Ahmed Tinubu, Babatunde Raji Fashola, Akinwunmi Ambode, and others who served as governors and deputy governors will no longer receive pension.
In simple terms, it is the stoppage of pension payment to these past governors and deputies.
According to Sanwo-Olu, 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.”
