Home News Politics Buhari To Splash N2.3bn On Former Presidents, Ex-VPs In 2016
Buhari To Splash N2.3bn On Former Presidents, Ex-VPs In 2016

Buhari To Splash N2.3bn On Former Presidents, Ex-VPs In 2016

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former presidentsPresident Muhammadu Buhari has earmarked the sum of N2.3 billion for the entitlements of 11 former Presidents, Heads of State and former Vice Presidents/Chiefs of General Staff in 2016.

This was contained in the summary of the proposed 2016 budget 2016 the president presented to the National Assembly on Tuesday.

The former Presidents and former Heads of State are General Yakubu Gowon, Alhaji Shehu Shagari, General Ibrahim Babangida, General Abdulsalam Abubakar, General Olusegun Obasanjo, and Goodluck Jonathan. The former Vice Presidents and former Chiefs of General Staff are Dr. Alex Ekwueme, General Oladipupo Diya, Alhaji Abubakar Atiku and Alhaji Namadi Sambo.

According to the Act which provides for the remuneration of former Presidents and former Vice, each former living Nigerian leader is entitled to N350, 000 per month, while former Vice Presidents and former Chiefs of General Staff, who are still living, are entitled to N250, 000 per month for their up-keep.

The Act states: “As from the commencement of this Act, all former Presidents and Heads of State of the Federal Republic of Nigeria (in this Act referred to as “former Heads of State”) shall be-(i) paid the sum of N350,000 per month as up-keep allowance; and (ii) entitled to the perquisites of office specified in Part I of the Schedule to this Act; and (b)Vice-Presidents and Chiefs of General Staff of the Federal Republic of Nigeria (in this Act referred to as “former Vice-Presidents”) shall be- (i) paid the sum of N250,000 per month as up-keep allowance; and (ii) entitled to the perquisites of office specified in Part II of the Schedule to this Act. National Assembly to spend N175bn

Meanwhile, the National Assembly was allocated N115 billion in the 2016 budget. This is aside N60 billion allocated for the federal lawmakers’ constituency projects.

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