The Lagos State House of Assembly has approved a 50 percent reduction in pension of Bola Tinubu, Akinwunmi Ambode and all other former governors of the state.
The approval was made after the lawmakers considered the report of its committee on establishment.
The committee recommended the removal of the section of the law that stipulates the provision of houses for ex-governors in Abuja and Lagos State while it reduced the number of vehicles to be made available to them and their deputies.
Though the committee recommended three vehicles for ex-governors but the Speaker of the House, Rt. Hon. Mudashiru Obasa, suggested two vehicles for them, including a car and a van
He also suggested that the amended bill should provide that the cars be changed every four years instead of the three years recommended by the committee in the report.
Also, some of the lawmakers at the plenary called for an upward review of the pension for the affected public office holders by 75percent while others urged that the pension remain as stipulated in the old law.
The Speaker, however, argued that the pension be left at 50percent since the report had recommended removal of houses and reduced other benefits
Obasa stressed the need to secure the lives of ex-public office holders, saying, he has seen some former Speakers and ex-governors in very bad situation after leaving office.
He further pointed out that the argument for downward review of the pension for former governors and others by his colleagues could be affected by inflation and other economic considerations while he stressed the need for the House to meet the yearning the people, which include cutting down cost of governance.