President-elect to stop ex-governor’s pension, end fuel subsidy

The law, which has been adopted by many Nigerian states, provides for 100% pay, medical allowances and annual holiday provisions to last for life.

President Muhammadu Buhari

President-elect, Muhammadu Buhari (retd), upon assumption of office, will reportedly take steps to abolish a law which authorizes the payment of generous pensions to former governors, reports say.

Buhari is said to be opposed to the law due to its inappropriateness in Nigeria’s current socio-economic climate.

The President-elect is also set to put an end to the fuel subsidy system in Nigeria.

Buhari revealed this on Tuesday, April 14, 2015 during a Lagos Business School breakfast meeting, adding that the oil and gas sector would be reformed in order to attract new investments.

The President-elect, who was represented by former Ekiti State Governor, Kayode Fayemi, also stated that he would appoint a cabinet within one week of taking office.

He however said that no corrupt persons would be allowed to serve in his government.

“Anyone with a whiff of corruption or any kind of taint will not be in the cabinet. Our manifesto will reflect zero tolerance for corruption,” he said.

Buhari had earlier stated that all Ministers who serve under him will be required to declare their assets before resuming and before vacating the position.

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