Nigeria to spend N7.8 billion on entitlements to ex-presidents, VPs, others in 2021 ●

Nigeria to spend N7.8 billion on entitlements to ex-presidents, VPs, others in 2021 ●

Nigeria will spend round N7.8 billion on entitlements, severance allowances and different perquisites to the nation’s former leaders, particulars of the authorised 2021 funds have proven.

This is coming as Nigeria prepares for a income scarcity in 2021, with plans to borrow a few quarter of the 12 months’s funds expenditure.

This 12 months, of the complete N7.8 billion budgeted as gratuity for retired authorities officers, former heads of state, presidents and their respective deputies will earn a mixed entitlement of N2.3 billion.

This is in accordance with the remuneration for the former presidents‘ act. As repairs allowance, the act mandates the month-to-month fee of N350,000 to former presidents and N250,000 to former vice-presidents and chiefs of common workers, and that is topic to a evaluation at any time when there is a rise in the wage of the serving president.

Also, the households of all deceased former presidents are entitled to an annual allowance of N1 million payable as N250,000 per quarter, whereas the households of deceased former deputies get N750,000 every year payable in the sum of N187,500 per quarter.

“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 partner of the deceased chief remarries, they cease getting the allowance.

In the similar vein, the nation’s retired heads of service and everlasting secretaries will get a mixed N4.5 billion as advantages this 12 months.

This is a rise from the N3.6 billion the former officers received in 2018, and N2.6 billion in 2017.

Also, for the fifth 12 months operating, retired heads of authorities companies and parastatals will share amongst themselves N1 billion as severance advantages.

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