The Abia State House of Assembly has achieved a significant milestone by passing a bill to revoke the Abia State Governors’ and Deputy Governors’ Pensions Law No. 4 of 2001.
The legislation, tagged H.A.B 11, seeks to address concerns surrounding the pension entitlements of former and deputy governors in the state.
A statement from the Assembly read:
”The decision to repeal the existing pensions law reflects a commitment to fiscal responsibility and prudent public fund management.
”The move signals a departure from the previous system, which had drawn criticism for its perceived extravagance and burden on the state’s finances.
”By passing this bill, we are responding to the people’s yearnings and a commitment to legislative reform to promote accountability and transparency in governance.”
Experts say the decision is expected to have far-reaching implications for the state’s governance framework and set a precedent for other states to review their pension laws.
A political economist, Ben Molokwu said:
”The bill’s passage represents a significant step towards aligning the state’s legislative framework with contemporary realities and addressing the evolving needs of its citizens.
”It underscores the Assembly’s determination to enact laws that reflect the interests and aspirations of the people of Abia State.
”The repeal of the Abia State Governors’ and Deputy Governors’ Pensions Law represents a landmark achievement for the state’s legislative process.
”It also marks a decisive move towards enhancing accountability, fiscal prudence, and good governance in Abia State.”
