Lagos State Government has concluded plans to abolish the Public Office Holder Payment of Pension Law which prescribes pension for former Governors and Deputy Governors in the State.
The Governor, Mr Babajide Sanwo-Olu stated this on Tuesday during the presentation of Y2021 Budget Estimates to Lagos State House of Assembly.
According to the Governor, an Executive Bill to repeal the law will soon be forwarded to the lawmakers for consideration and passage.
"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," Sanwo-Olu said.
