The governor made the announcement while presenting the 2021 budget to the Lagos State House of Assembly.
“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,” Sanwo-Olu said.
Speaking in a chat with Daily Independent, Alhaji Tunde Balogun, the state chairman of the party every right thinking Nigerian should support and applaud the decision by the governor, given the dwindling resources in the country.
He said Lagos state will channel the money into developing the state and providing infrastructure and other amenities for the teeming population of citizens in the state.
He said "We are in total support of it. It is a good move and it must have been well thought out before the decision was made. It is a welcome idea as far as the party is concerned".
"In many states, we have seen many people complaining about such pensions to past governors and deputies".
"If we consider the dwindling revenue all over the country and the economy that is declining in terms of oil prices and what is derived as revenue from oil, it affects all the economy of all the states in the country.