Sanwo-Olu Plans to Abolish Pension For Ex Governors and Deputies to Reduce Cost of Spending

Sanwo-Olu Plans to Abolish Pension For Ex Governors and Deputies to Reduce Cost of Spending

The Governor of Lagos State, Babajide Sanwo-Olu on Tuesday announced his intention to abolish the payment of pension and other entitlements to former Governors and their Deputies.

He made his intention to repeal the Public Office Holder Act 2007 while presenting the 2021 budget to the Lagos State House of Assembly.

Sanwo-Olu 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.”

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