Governor Babajide Sanwo-Olu, has called for the end of payments of pensions for former state Governors in the state.
The Governor gave the snippet during the presentation of the 2021 budget estimate to the state lawmakers.
Sanwo-Olu spoke on the move on Tuesday while presenting the 2021 budget estimates to the state House of Assembly for approval.
If the move sees the light of the day, it will affect, former governors Bola Tinubu, Babatunde Fashola and Akinwunmi Ambode, including their deputies.
According to Sabwoolu, the aim is to ensure minimize the cost of governance and ensure prudent management of resources.
He said, “Mr Speaker and honourable members of the House, in the light of keeping the cost 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 the payment of pensions 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 cost of governance at a minimum, while engendering a spirit of selflessness in public service.”