The Federal Government has earmarked ₦27 billion for the entitlements of former Presidents, Vice-Presidents, Heads of State, Chiefs of Staff, retired Heads of Service, and professors in the 2025 budget.
Beneficiaries include former Presidents Olusegun Obasanjo, Goodluck Jonathan, Muhammadu Buhari, as well as ex-Vice-Presidents Atiku Abubakar, Namadi Sambo, and Prof. Yemi Osinbajo.
Former military leaders like Gen. Yakubu Gowon (retd.), Gen. Abdulsalami Abubakar (retd.), and retired military President Ibrahim Babangida, along with retired Chief of General Staff Commodore Ebitu Ukiwe, will also receive benefits.
President Bola Tinubu presented the ₦49.70 trillion budget to the National Assembly, naming it the “Budget of Restoration: Securing Peace, Rebuilding Prosperity.” The budget prioritizes defense, infrastructure, and human capital development, with a projected deficit of ₦13.39 trillion to be financed through borrowing.
Within the budget, ₦1.4 trillion is allocated for pensions, gratuities, and retirees’ benefits.
This includes ₦2.3 billion for former Presidents, Heads of State, and Vice-Presidents, ₦10.5 billion for retired Heads of Service and permanent secretaries, ₦13.5 billion for retired university professors, and ₦1 billion for retired heads of government agencies and parastatals.
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