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FG EARMARKS N13,8BILLLION FOR UPKEEP OF FORMER PRESIDENTS, VICE PRESIDENTS AND HEAD OF STATES IN THE 2024 BUDGET .

The Federal Government has earmarked a total of N13,8B for the upkeep of former presidents, vice-presidents, heads of state, Chiefs of General Staff, retired heads of service, permanent secretaries, as well as retired heads of government agencies and parastatals in the 2024 fiscal year.

The beneficiaries include former Presidents Olusegun Obasanjo, Goodluck Jonathan and Muhammadu Buhari, as well as ex-vice-presidents Atiku Abubakar, Namadi Sambo and Prof Yemi Osinbajo.

Also expected to benefit from the windfall are ex-military Heads of State, General Yakubu Gowon and General Abdusalami Abubakar, as well as a former dictator and self-styled military President, General Ibrahim Babangida, and a former Chief of General Staff, Commodore Ebitu Ukiwe (retd.).

Also, N1tn was provisioned for the public service wage adjustment for government Ministries, Departments and Agencies (including arrears of promotion and salary increases, and payment of severance benefits and minimum wage-related adjustments).

A breakdown shows that the entitlements of former presidents/heads of states and vice-presidents/chief of general staff will cost N2.3bn, while N10.5bn is proposed as benefits for retired heads of service, permanent secretaries and professors.

The payment of severance benefits to retired heads of government agencies and parastatals is proposed to cost N1bn.

Other allocations include N65bn for the Presidential Amnesty Programme for the reintegration of transformed ex-militants; N1bn for the Office of the Presidential Adviser on Energy; and N108bn for unnamed special projects.
The government is also proposing the sum of N40bn to offset electricity debts owed power distribution companies by all MDAs.

Ajibade Adegbayibi

I'm Adegbayibi Ajibade I am an award-winning professional journalist who engages in the gathering, investigation, analysis, and dissemination of news and information to the public.  Unveiling Truths through Pen and Lens, One Story at a Time. As an impassioned journalist with an unwavering commitment to capturing the essence of human stories, I believe in the power of words and images to shape perspectives and drive change.  Over the years, I have published over 75 articles in the print media while a number of uncountable news items have been aired on the electronic media in Nigeria. My journey in journalism has been fueled by a relentless pursuit of truth and a dedication to shedding light on the untold narratives that resonate with the hearts of the Nigerian people. Together, we can turn the ordinary into the extraordinary and shape a world where every story matters. Let’s unveil the truth, one story at a time. My Skills Reporting I report on current events, developments, and news stories happening locally, nationally, and internationally to create accurate and informative news reports. Interviews I conduct interviews with various individuals, including experts, public figures, and ordinary citizens, which is needed to gather firsthand accounts and opinions on a wide range of topics. Media Analysis I specialize in analyzing media trends, biases, and the impact of news coverage on society. Work Experience Chief Correspondent (Ondo State Now) I led the team of correspondents and reporters for the organization, ensuring efficient and high-quality news coverage across various beats and locations. Former head Of Information And Publicity (N.O.A) I managed the agency’s communication strategies, public relations, and information dissemination efforts. This role is crucial in promoting the agency’s objectives, programs, and policies to the public, stakeholders, and the media. Former senior Correspondent (THE OBSERVER) I provided in-depth and expert reporting on specific beats or topics. This plays a crucial role in delivering comprehensive and insightful news coverage to our audience. I played a significant role in the newsroom’s operations by working with the News Editor in overseeing news content production and dissemination. Special Correspondent (Tourism Magazine) I made reports on specialized areas, often involving in-depth reporting and expert analysis. This role goes beyond general news coverage and required me to bring unique insights and expertise to my reporting duties. Copyright © 2023 Adegbayibi Ajibade

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