Lagos reduces governance cost, stops payment of pension for former governors, deputies

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Lagos State Governor, Babajide Sanwo-Olu, has made a very bold attempt at reducing governance cost by initiating the repeal of the Public Office Holder (Payment of Pension Law 2007).

The law makes provision for the payment of pension and other jumbo entitlements to previous governors and deputy governors of the state.

In his 2021 budget speech today at the State House of Assembly, Sanwo-Olu said the decision to repeal the law was borne out of reducing the costs of governance and signalling selflessness in public service,

“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,” the governor remarked.

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