Lagos State government has announced its intention to repeal the public office holder (payment of pension law, 2007).
The law passed at the twilight of the Bola Tinubu administration, provides for the payment of outrageous pension to former governors and their deputy.
Governor of Lagos State, Babajide Sanwo-Olu announced this on Tuesday while presenting the 2021 budget to the Lagos State House of Assembly.
According to the state 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.”
Lagos, Rivers and Kwara are some of the states that promogated the now regared obnoxious law in 2007