The Lagos State Government will soon repeal public officers’ pension law, which allows the payment of pension and other benefits to former governors and deputy governors in the state.
Gov. Babajide Sanwo-Olu announced the government’s decision in Lagos on Tuesday, during his presentation of the proposed budget to the Lagos State House of Assembly.
“We will be sending an executive bill in a couple of weeks to this honourable House to repeal the pension law.
“This pension law is for pension paid to former public officers such as the former governors and former deputy governors
“The repeal of the Act is due to the dwindling revenues accruable to the state government’s account,” he said.
It would be recalled that the Lagos House of Assembly once passed a bill allowing the payment of pension to ex-governors and their deputies.
Under the law, a former governor is entitled to N30 million pension annually, a house in Lagos and Abuja, six brand new cars every three years, allowances for medical treatment in any part of the world and other allowances.