Monday, October 7, 2024
HomeWestern WAVESSanwo-Olu Set To Scrap Pensions For Former Lagos Governors… Tinubu, Fashola, Ambode...

Sanwo-Olu Set To Scrap Pensions For Former Lagos Governors… Tinubu, Fashola, Ambode Affected

 

Governor Babajide Sanwo-Olu

 

By Our Reporter

Governor Babajide Sanwo-Olu of Lagos State has mapped out strategies to scrap payment of pension and other entitlements to former Lagos State governors and their deputies. To this end, he has concluded arrangements to present an executive bill to the State House of Assembly to achieve his aim.

He disclosed this on Monday while presenting the 2021 budget estimates to the State House of Assembly for approval.

Former governors like Bola Tinubu, Babatunde Fashola, Akinwunmi Ambode, and their deputies will be affected by this development.

The governor said the move was in the light of keeping he costs of governance low and to signal selflessness in public service.

He added the his government would 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.

He said it was his administration’s firm belief that with dwindling revenues and the appurtenant inflationary growth rates, that there was need to come up with innovative ways of keeping the costs of governance at a minimum while engendering a spirit of 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.

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

 

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular