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HomePolitics2024 Budget: Past Presidents, Vice Presidents, Others Set to Receive N13.8 Billion...

2024 Budget: Past Presidents, Vice Presidents, Others Set to Receive N13.8 Billion Maintenance Allowance

The Nigerian government has earmarked N13,805,814,220 for the upkeep of former Presidents, Vice Presidents, Chiefs of State, Chiefs of General Staff, retired Heads of Service, Permanent Secretaries, and retired Heads of Government Agencies and Parastatals in the fiscal year 2024.

Freshreporters News reports that former Presidents Olusegun Obasanjo, Goodluck Jonathan, and Muhammadu Buhari are among those who will benefit, as well as ex-Vice Presidents Atiku Abubakar, Namadi Sambo, and Prof Yemi Osinbajo.

Ex-military heads of state, General Yakubu Gowon, General Abdusalami Abubakar, General Ibrahim Babangida, and a former Chief of General Staff, Commodore Ebitu Ukiwe (retd.), are set to gain from the windfall.

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Additionally, N1 trillion has been allocated for public service wage adjustments for government Ministries, Departments, and Agencies (MDAs) – including arrears of promotion and salary increases, as well as payment of severance benefits and minimum wage-related adjustments.

The entitlements of past Presidents/leaders of states and Vice Presidents /Chiefs of General Staff will amount to N2.3 billion, while retired Heads of Service, Permanent Secretaries, and professors will amount to N10.5 billion.

Severance payments to retiring heads of government agencies and parastatals are projected to cost N1 billion.

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Other fundings include N65 billion for the Presidential Amnesty Programme to reintegrate transformed ex-militants, N1 billion for the Office of the Presidential Adviser on Energy, and N108 billion for unspecified special projects.

The government is also proposing a sum of N40 billion to offset electricity arrears due by all MDAs to power distribution firms.

Other allocations include N65bn for the Presidential Amnesty Programme for the reintegration of transformed ex-militants; N1 billion for the Office of the Presidential Adviser on Energy; and N108 billion for unnamed special projects.

The government is also proposing the sum of N40 billion to settle electricity debts owed to power distribution companies by all MDAs.

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The item listed as ‘Settlement of MDAs’ electricity debts’, was contained in the sectoral allocation details released by the Chairman, Senate Committee on Appropriations, Solomon Adeola,

According to Adeola, the details of the budget have been released to allay the fears of lawmakers and Nigerians.

He further noted that details of the budget being circulated are to allow the legislators to study and see how various allocations were made to different sectors…[CONTINUE READING HERE]>>



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