The Federal Authorities has allotted N2.3 billion within the 2025 funds to cowl the entitlements of Nigeria’s former presidents and heads of state, together with Olusegun Obasanjo, Ibrahim Babangida, Goodluck Jonathan, Muhammadu Buhari, and others.
Tagged “Entitlements of former presidents/heads of states and vice presidents/chief of normal workers”, the allocations additionally embody Basic Yakubu Gowon who served as Nigeria’s army head of state from 1966 to 1975, and Basic Abdulsalmi Abubakar, the nation’s final army head of state from 1998 to 1999.
This allocation covers their advantages, pensions, and entitlements as enshrined in Nigerian regulation.
The funds will cater to varied statutory provisions for the nation’s previous leaders. These embody annual pensions, medical advantages, safety, private workers, and logistics.
The allocation is a part of the broader recurrent expenditure underneath the Federal Authorities’s funds for the fiscal 12 months 2025, which is projected to hit over N26 trillion.
Beneath the Income Mobilisation Allocation and Fiscal Fee (RMAFC) pointers, former presidents and heads of state are entitled to:
- Annual pensions based mostly on the wage of a serving president or head of state.
- Medical bills for themselves and their fast households.
- Residential maintenance, together with workers salaries and utilities.
- Transportation and logistics assist for each native and worldwide travels.
Atiku, Osinbajo not unnoticed
Along with former presidents, their deputies are additionally beneficiaries of the allocations offered within the 2025 funds.
- These embody notable figures similar to Atiku Abubakar, who served as Vice President from 1999 to 2007 throughout Olusegun Obasanjo’s administration, Namadi Sambo, who held the place from 2010 to 2015 underneath Goodluck Jonathan, and Yemi Osinbajo, who served as Vice President from 2015 to 2023 throughout Muhammadu Buhari’s tenure.
- Additionally included is Okoh Ebitu Ukiwe, who served because the de facto Vice President from 1985 to 1986 underneath Basic Ibrahim Babangida. Regardless of the brevity of his tenure, Ukiwe stays eligible for entitlements underneath current authorities provisions for former prime officeholders.
The allocation covers a spread of advantages for these former deputies, together with pensions, medical care, and allowances for private aides, safety, and official residences.
What you need to know
- Nairametrics experiences that President Bola Tinubu introduced the 2025 funds titled the “Finances of Restoration” to a joint session of the Nationwide Meeting on December 18, 2024. The proposed funds outlines an formidable N49.70 trillion spending plan, specializing in defence, infrastructure, and human capital growth.
- The 2025 funds carries a major projected deficit of N13.39 trillion, to be financed by borrowing.
- Specialists argue that failure to deal with the rising debt burden may push Nigeria additional into fiscal instability, risking its credit score scores and making it more durable to draw inexpensive financing.
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