Monday 14 January 2019

N171bn For Military, N22bn For Nigeria Airways... Check Out Buhari's N422bn Package For Pensioners

The proposed 2019 budget submitted before the national assembly by President Muhammadu Buhari earmarks N422 billion for pensioners.
Checks made by TheCable into the budget document showed that the military got the highest allocation at N171 billion while the civilian staff of the Defence Intelligence Academy got the lowest allocation at N224 million.
The presidency also included N22.86 billion in the budget for settling ex-staff of the now-defunct Nigeria Airways. In 2018, the federal government had paid N22.6 billion, which is 50% of the total entitlement meant for the staff.
The pension benefits of former presidents, vice presidents and military heads of states were pegged at N2.30 billion.
Here is a breakdown of the benefits due to pensioners as listed in the proposed 2019 budget.

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