BREAKING: Lagos State Governor, Babajide Sanwo-Olu Presents 2021 Budget
The Lagos State Governor, Bababjide Sanwo-Olu, on Tuesday presented the Year 2021 Budget at the Lagos State House of Assembly Chambers, Alausa Ikeja.
He presented a budget estimate of N1,155,022,413,005.82, tagged, ‘budget of rekindled hope’.
During the budget presentation, the governor told the Assembly that he intends 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 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.”
Full details later.