Mr. Babajide Sanwo-Olu, the governor of Nigeria’s commercial nerve centre, Lagos State, has announced plans to abolish pension payments for former leaders of the state.
A 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, would affect political heavyweights like Bola Ahmed Tinubu; the present Minister of Works and Housing, Babatunde Raji Fashola, and other individuals that served as governors and deputy governors in Lagos State.
Sanwo-Olu made the announcement while presenting the 2021 budget to the Lagos State House of Assembly.
Sanwo-Olu said the bill will be sent back to the Lagos State House of Assembly to formally repeal the law.
He was quoted by the Lagos State Commissioner for Information, Gbenga Omotoso as saying, “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.”