Former Presidents, Former Vice Presidents and Others Receive Maintenance Allowance of N13.8 Billion
A complete of N13,805,814,220 has been put aside for the upkeep of former presidents, vice presidents, heads of state, chiefs of workers, retired service chiefs, everlasting secretaries in addition to retired heads of authorities businesses and parastatals within the fiscal 12 months 2024. 12 months.
Former Nigerian leaders anticipated to profit from this embrace former Presidents Olusegun Obasanjo, Goodluck Jonathan and Muhammadu Buhari in addition to former Vice Presidents Atiku Abubakar, Namadi Sambo and Prof Yemi Osinbajo. Former navy heads of state, General Yakubu Gowon and General Abdusalami Abubakar, in addition to a former dictator and self-proclaimed navy president, General Ibrahim Babangida, and a former Chief of General Staff, Commodore Ebitu Ukiwe (ret.) may also be benefiting from surprising luck.
Punch additionally reported that N1tn was provisioned for public service wage adjustment for presidency ministries, departments and businesses (together with delays of promotions and wage will increase, and fee of severance advantages and minimal wage associated changes).
In the 2024 funds, the entitlements of former presidents/heads of state and vice presidents/chiefs of workers will price N2.3 billion, whereas N10.5 billion is proposed as advantages for retired service chiefs, everlasting secretaries and lecturers.
The fee of severance advantages to retired heads of authorities businesses and parastatals is proposed to price N1 billion. Other allocations embrace N65 billion for the Presidential Amnesty Program for the reintegration of remodeled ex-militants; N1bn for the Office of the Presidential Adviser on Energy; and N108 billion for unnamed particular tasks.
The federal authorities additionally proposes the sum of N40 billion to offset electrical energy money owed owed to energy distribution corporations by all MDAs. However, it was famous that the federal government has budgeted N27 billion in 2022 and N40 billion in 2023 for debt settlement, however it’s not clear whether or not it has made funds to the nightclubs.
The ministries of Works, Finance, Education and Defense and others bought the majority of the N8.7 billion capital element of the N27.5 billion funds for 2024, as contained within the sectoral allocation particulars. The Ministry of Works receives N521.3 billion, adopted by the Ministry of Finance with N519.9 billion, whereas N308.2 billion is allotted to the Ministry of Defense.
Similarly, the Federal Ministry of Health and Social Welfare is predicted to obtain N304.4 billion, whereas the Ministry of Education has an allocation of N265.4 billion.
Others are the Ministry of Energy, N264.2 billion, state-owned enterprises, N820.9 billion; Higher Education Trust Fund, N665bn; the Ministry of Housing and Urban Development, N96.9bn; the Ministry of Water Resources, N87.7bn; and Ministry of Police Affairs, N69bn.
The National Assembly, underneath authorized transfers, receives N198 billion; the Niger Delta Development Commission, N324.8 billion; Universal Basic Education Board, N251.4 billion; National Judicial Council, N165bn; North East Development Commission, N126bn; and Basic Health Care Provision Fund, N125.7bn.
Under capital supplementation, zonal intervention, additionally referred to as election tasks for federal legislators, will get N100 billion; particular tasks, N108bn; contingency (capital), N200 billion; tasks funded by assist and grants, N685.6 billion; and National Social Investment Program Agency, N100bn.
Source: www.lindaikejisblog.com