Gov Sanwo-Olu begin moves to revoke pensions of ex-Governors, Deputies

Lagos State Governor, Mr Babajide Sanwo-Olu has begun moves to revoke the Public Office Holder (Payment of Pension Law) in respect of former governors and deputy governors, with the aim of keeping costs of governance low.

Gov. Sanwo-Olu disclosed this on Tuesday while presenting the proposed 2021 budget which stands at N1.6trn to the Lagos State House of Assembly for passage into law.

The Governor hinted that the 2021 Budget was tagged: “Budget of Rekindled Hope, “to reflect our determination to rise above the challenges that have affected our development indices in the last 10 months.”

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He added, “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.

“It is our firm belief that dwindling revenues and the appurtenant inflationary growth rates, that we need to come up with innovative ways of keeping the costs of with governance at a minimum while engendering a spirit of selflessness in public service.”

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