- Group hails move
Lagos State governor, Babajide Sanwo-Olu yesterday announced plans 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.
The governor made the announcement while presenting the 2021 budget, tagged: the “budget of rekindled hope”, to the Lagos State House of Assembly.
The abolishment of the Payment of Pension Law 2007 will mean the stoppage of pension payment to Bola Tinubu, Babatunde Fashola, Akinwunmi Ambode and other individuals that served as governors and deputy governors in Lagos State.
Sanwo-Olu stated that the abolition of pension for former governors and deputies will reduce the cost of governance in the state, saying the Bill will be sent back to the Lagos State House of Assembly to formally repeal the law.
In a swift reaction to the development, the Centre for Human and Socio-economic Rights (CHSR) lauded the governor’s plan to abolish pensions for former governors and their deputies, saying the move was in order to cut cost of governance and the repeal bill would soon be sent to the House for approval.
The National President of the CHSR, Alex Omotehinse, said that the step was long overdue, to reduce cost of governance for the benefit of residents, adding that it had called for the repeal of the law granting life pensions to ex-governors and their deputies in some states in July, in the light of dwindling economic growth.
“We are happy about the bold move by the governor”, he said.
