Lagos State Governor, Babajide Sanwo-Olu, has announced plans to repeal the Public Office Holder (Payment of Pension Law 2007) in the state, which allows former governors, deputy governors, among others, to draw huge pensions while the minimum wage is less than two dollars a day.
The governor announced this on Tuesday while presenting the government’s budget proposal of N1,155,022,413,005.82 for the 2021 fiscal year to members of the Lagos State House of Assembly in Alausa, Ikeja.
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.”
The governor added, “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.”
“On our part, we will assiduously work at improving the tax system through revolutionary reforms that enable easy tax collection and payment.
“Another major achievement in the outgoing fiscal cycle is the successful review of the 2018 Land Use Charge Law. The law now accommodates the yearnings of Lagosians for a more friendly, modern, and realistic Land Use Charge Law.”