Governor Babajide Sanwo-Olu of Lagos State will soon present an executive bill to the State House of Assembly abolishing payment of pensions and other entitlements to former governors and their deputies.

The governor stated this on Monday while presenting the 2021 budget estimates to the State House of Assembly for approval.

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

Sanwo-Olu added that 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 stated that 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.

In his words: “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.”