Governor of Lagos State, Babajide Sanwo-Olu on Tuesday announced his intention 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.
He made this known while presenting the 2021 budget to the Lagos State House of Assembly.
He 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. .”
National leader of the All Progressives Congress (APC), Bola Tinubu, Minister of Power, Babatunde Fashola and Akinwunmi Ambode, Alhaji Lateef Jakande are among former governors of the state.
The law also provides for six new cars every three years, 100 percent of the basic salary of the serving governor (N7.7m per annum), as well as free health care for himself and members of his family.
The law also states that former governors will be entitled to furniture allowance, which is 300 per cent of their annual basic salary (N23.3m); house maintenance allowance, which is 10 percent of basic salary (N778, 296); utility allowance, which is 20 percent of the salary (N1.5m) and car maintenance allowance, which is 30 percent of the annual basic salary (N2.3m).
