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Retired Leaders to recieve N2.3bn in benefits in 2019

News » Politics

IMAGE: President Buhari presents $28.80 billion budget for 2019 »



Ade Adesomoju and Adelani Adepegba

Former Nigerian leaders including ex-Presidents Olusegun Obasanjo, Goodluck Jonathan and their Chiefs of Staff are to receive N2.3bn as benefits in 2019.

The sum of N4.5bn was also proposed in the 2019 budget as severance benefits for retired Heads of Service and Permanent Secretaries while former heads of government agencies and parastatals would receive N1bn as severance benefits.

This is contained in the budget document recently submitted to the National Assembly by President Muhammadu Buhari.

The Federal Government also proposed N3bn for outsourced services and N5bn for ‘margin for increased in costs.’

Findings also showed that N65bn was budgeted for re-integration of transformed ex-militants while contingency got N15.8bn.

The counter-insurgency operations in the North-East, Operation Lafiya Dole and other military operations were expected to gulp N75bn.

The Federal Government allocated N20bn for university revitalization and another N20bn for additional support to universities.

The sum of N160bn was voted for public service wage adjustment for ministries, departments and agencies including arrears of promotion and salary increases and severance benefits.

Another N22.7bn was allocated for outstanding terminal benefits of retired Nigeria Airways workers.


Article Credit: Punch Newspaper

Updated 3 Months ago

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Tags:     Nigerian Budget     Olusegun Obasanjo     Goodluck Jonathan     President Muhammadu Buhari.