Wednesday, Nov 25th 2020 11:29 AM

Market Digest Nigeria


Tinubu Backs Sanwo-Olu Over Plan To Stop Pension To Former Governors

National leader of the All Progressives Congress (APC), Bola Tinubu, has backed the Lagos State Governor, Babajide Sanwo-Olu, over his plan to stop pensions to former governors of the state.

Tinubu, a former governor of Lagos State, on Wednesday tweeting via @AsiwajuTinubu, wrote: “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.”

It will be recalled that Sanwo-Olu, on Tuesday, said his administration is resolved to sending a draft Executive Bill to the State House of Assembly for the repeal of the Public Office Holder (Payment of Pension Law) in respect of former governors and deputy governors, with the aim of keeping costs of governance low and to signal selflessness in public service.


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