Connect with us

FEATURED

Nigeria Votes N7.8 billion For Pensions And Perks For ex-Presidents, Deputies, Others In 2021

Published

on

Nigeria





Nigeria will spend around N7.8 billion on entitlements, severance allowances and other perquisites to the nation’s former leaders, details of the assented 2021 budget have shown.

This is coming at the backdrop of a revenue shortage in 2021, with plans to borrow about a quarter of the year’s budget expenditure.

The planned 2021 spending is the second-lowest amount that will be allocated to retired top government officials since 2017, when N5.9 billion was budgeted as gratuity for them.

The money is a yearly ritual in the nation’s budgetary cycle, and by the end of this year, it would have cost Nigeria about N68.8 billion in five years.

Advertisement

This year, of the total N7.8 billion, former heads of state, presidents and their respective deputies will earn a combined entitlement of N2.3 billion.

This is the same amount that has been approved for the former leaders since 2017, save 2018 when they got N7.3 billion, according to report in PREMIUM TIMES.

The appropriation is in accordance with the remuneration for the former presidents‘ act, which offers a slew of luxuries which have been faulted by some, especially because four in every ten Nigerians earn less than N377 per day, and the unemployment rate reached a record high last year as the country keeps struggling to diversify its economy to shore up its revenue base.

Advertisement

As upkeep allowance, the act mandates the monthly payment of N350,000 to former presidents and N250,000 to former vice-presidents and chiefs of general staff, and this is subject to a review whenever there is an increase in the salary of the serving president.

Nigeria has had fourteen presidents, prime minister and heads of state, all men, including incumbent President Muhammadu Buhari, since independence in 1960.

Inclusive of Mr Buhari, seven of them are living: Yakubu Gowon, Ibrahim Babangida, Ernest Shonekan, Abdulsalami Abubakar, Olusegun Obasanjo and Goodluck Jonathan.

Advertisement

The deceased former heads are: Tafawa Balewa (only prime minister), Nnamdi Azikiwe (first ceremonial president), Johnson Aguiyi-Ironsi (first military head of state), Murtala Mohammed, Shehu Shagari, Sani Abacha and Umaru Yar’Adua.

The nation has also had 14 vice presidents and deputy heads of state, again all men, including two different deputies under the Ibrahim Babangida military junta – Ebitu Ukiwe, 70, and Augustus Aikhomu, who died in 2011 aged 71.

Seven of them are alive, including Olusegun Obasanjo and Goodluck Jonathan, who would later become presidents themselves. Others are Ebitu Ukiwe; Mr Abacha’s deputy, Oladipo Diya; Atiku Abubakar, Namadi Sambo, and incumbent Yemi Osinbajo.

Advertisement

The nation’s deceased former vice-presidents include Mr Ironsi’s deputy, Babafemi Ogundipe; Mr Gowon’s de facto deputy who died in 1991, Joseph Wey; Shehu Yar’Adua, who was Mr Obasanjo’s deputy in the latter’s military stint; Nigeria’s first democratically elected vice-president, Alex Ekwueme; Tunde Idiagbon, Mr Buhari’s deputy as head of state; Augustus Aikhomu; Mike Akhigbe, Nigeria’s last military deputy head of state.

Living presidents and their deputies are, at the expense of the federal government, entitled to at least six security details and personal aides; well-furnished office and a five-bedroom apartment in any location of their choice; vehicles replaceable every four years; diplomatic passport for life; free medical treatment, which may be abroad where necessary, for themselves and their immediate families; thirty days all-expense-paid annual vacation within and outside Nigeria.

The families of all deceased former presidents are, meanwhile, entitled to an annual allowance of N1 million payable as N250,000 per quarter, while the families of deceased former deputies get N750,000 per annum payable in the sum of N187,500 per quarter.

Advertisement

“The allowances shall be applied for the up-keep of the spouse and education of the children of deceased former heads of state and deceased former vice-presidents up to the university level,” the act reads.

However, if the spouse of the deceased leader remarries, they stop getting the allowance.

Advertisement
COMMUNITY REPORT5 hours ago

Delta: Ogorugba Gets Certificate as ‘Outstanding’ Progressive Leader Under Renewed Hope/More Agenda

FEATURED21 hours ago

Tompolo, Ijaw Monarchs Offer Thanksgiving to Egbesu Deity

FEATURED21 hours ago

Bishop Bulus Confirms Release of 100 Abducted Catholic School Children

Heavy-Duty vehicles
FEATURED2 days ago

Senate C’ttee on Crude Oil Meets with NNPC, Investigates Past and Present Oil Losses

FEATURED2 days ago

Few Days After a Spat with Remi Tinubu, Gov. Adeleke Dumps PDP and Rejects APC for Accord Party

FEATURED2 days ago

Malami Has Been a Regular Visitor to EFCC; His Detention is Not a New Arrest—Anti-graft Source

FEATURED2 days ago

Rivers Governor, Siminalayi Fubara Officially Dumps PDP for APC

Timipre Sylva
FEATURED2 days ago

‘This is an Affront to Decency and a Troubling Assault’—Timipre Sylva Fumes Over EFCC’s Raid on Abuja Home

Ahmed Kuru
FEATURED3 days ago

Alleged N76bn, $31.5m Fraud: How Former AMCON MD Ahmed Kuru Diverted N4.9bn from Defunct Arik Air – Witness

Otuaro
FEATURED3 days ago

PAP Repels Gbaboyor’s Allegations Against Otuaro as Fake, Malicious, Labels Him a Fugitive Escaping Justice

NEWS4 days ago

2027: APC in Delta Central Reinforces Commitment to Tinubu’s, Oborevwori’s Re-election, Warn Against Indiscipline

COMMUNITY REPORT4 days ago

‘Okpe as Urhobo Declaration’ – Okpe Union Leadership Clash With Orodje, Release Historic Facts to Counter Monarch

abducted
FEATURED4 days ago

Nigeria’s Government Secures Release of 100 Pupils Abducted in Niger School Attack

FEATURED4 days ago

Delta Police Arrest Justice Ifeoma Okogwu’s Security Guard, Accomplice Over Her Murder

FEATURED4 days ago

Coup Update: Benin’s National Guard Foils Coup Attempt, ‘Plotters Rounded-up’ as Officials Confirm President Talon Is Safe

Advertisement
Advertisement