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Tinubu backs scrap of Lagos pension law, congratulates Gov Sanwo-Olu on ‘Budget of Rekindled Hope’

A national leader of the ruling All Progressives Congress (APC) Asiwaju Bola Tinubu, has expressed his support for the move made by Governor Babajide Sanwo-Olu-led Lagos State Government to repeal the state pension law.

Governor Sanwo-Olu, on Tuesday, disclosed that a bill on the abrogation of the law would be sent to the House of Assembly soon.

This was made known when the governor spoke during the 2021 budget presentation to the legislature.

In reaction to the development, Tinubu, a former governor of Lagos State, on Wednesday, urged others, with specific reference to APC loyalists, to follow suit.

Tinubu, in a tweet post, said “Congratulations to Governor Sanwo-Olu over the Y2021 budget which he appropriately christened” Budget of Rekindled Hope.”

“This audacious and enterprising budget will empower our people and begin to rebuild Lagos State.

“In particular, I would also like to commend the Governor for the plan to commence the repeal of the Pension Law giving pension packages to former governors and their deputies.

“This is a bold and courageous move by Mr. Governor and I wholeheartedly support him. I encourage all APC loyalists to do the same.”

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Tinubu who was a former two-term governor of the state had in 2007 signed the law at the twilight of his administration.

The law stated that Public Office Holder (Payment of Pension) Law No 11 Official Gazette of 2007 states that former governors are entitled to a house each in preferred locations in Lagos and Abuja, the nation’s capital.

Section 2 of the law reads: “One residential house each for the governor and the deputy governor at any location of their choice in Lagos State and one residential house in the Federal Capital Territory for the governor on two consecutive terms.”

The law also provides for six new cars every three years, 100 per cent of the basic salary of the incumbent governor (N7.7million per annum), and free health care for the beneficiary and family members.

According to the law has which has been existing since 2007, former governors will be entitled to furniture allowance – 300 per cent of annual basic salary (N23.3million); house maintenance allowance – 10 per cent of annual basic salary (N778,296); utility allowance – 20 per cent of annual basic salary (N1.5million), and car maintenance allowance – 30 per cent of the annual basic salary (N2.3million).

The law also provides for an entertainment allowance, 10 per cent of the annual basic salary (N778,296); and a personal assistant who will earn 25 per cent of the governor’s annual basic salary (N1.9million).

The law on security also states that a former governor of the state is entitled to eight policemen and two Department of State Services (DSS) operatives for life.

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