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The Federal Government of Nigeria has earmarked ₦27 billion in the 2025 fiscal year budget for the entitlements of various high-ranking officials, including former presidents, vice presidents, military heads of state, retired heads of service, and university professors. ...READ THE FULL STORY FROM SOURCE ...READ THE FULL STORY FROM SOURCE
WHAT YOU NEED TO KNOW: WHY YOU MUST NOT FAIL TO HAVE $EX BY 12PM. THE BENEFIT WILL SHOCK YOU| NO 5 IS VERY COMPULSORY.The beneficiaries of this allocation include former Presidents Olusegun Obasanjo, Goodluck Jonathan, and Muhammadu Buhari, as well as ex-vice presidents Atiku Abubakar, Namadi Sambo, and Prof. Yemi Osinbajo. Additionally, former military Heads of State like Gen. Yakubu Gowon (retd.), Gen. Abdulsalami Abubakar (retd.), former military President Ibrahim Babangida, and retired Chief of General Staff, Commodore Ebitu Ukiwe, are also set to receive their entitlements under this provision.
The ₦27 billion allocation is part of the broader ₦49.70 trillion national budget for 2025, which President Bola Tinubu presented to a joint session of the National Assembly on Wednesday. Titled the ‘Budget of Restoration: Securing Peace, Rebuilding Prosperity’, the budget emphasizes key areas such as defense, infrastructure development, and human capital investments, while projecting a ₦13.39 trillion deficit to be covered through borrowing.
Within the total pension allocation of ₦1.4 trillion, a portion of ₦2.3 billion has been designated for former presidents, heads of state, and vice presidents. Additionally, ₦10.5 billion is allocated for retired heads of service and permanent secretaries, and ₦13.5 billion is set aside for retired university professors. The government has also allocated ₦1 billion for the pensions and benefits of retired heads of government agencies and parastatals, bringing the total pension allocation for these categories to ₦27 billion.
The budget also makes provisions for civilian and military pensions. Civilian pensions under the Office of the Head of Civil Service will receive ₦46 billion, while military pensions and gratuities will be allocated ₦383.9 billion. Other provisions include ₦66.8 billion for expected retirees, ₦434 million for administrative expenses, ₦596 million for pension running costs, and ₦870 million for medical retirees.
In addition to pension allocations, the budget also prioritizes social investment programs. A total of ₦500 billion has been earmarked for various initiatives, including the student loan scheme, National Poverty Reduction with Growth Strategy programs, the National Home Grown School Feeding Programme, and the Consumer Credit Fund. Of this amount, ₦50 billion has been specifically allocated for the student loan scheme to support education financing in the country.
WHAT YOU NEED TO KNOW: WHY YOU MUST NOT FAIL TO HAVE $EX BY 12PM. THE BENEFIT WILL SHOCK YOU| NO 5 IS VERY COMPULSORY.This allocation marks a significant portion of the government’s fiscal priorities, balancing the needs of former leaders with crucial investments in the nation’s future. The spending plan also underscores the administration’s commitment to addressing both immediate social welfare needs and long-term development goals..Tap To Read The Full Story Here.
