In a comprehensive fiscal plan for the year 2024, the Federal Government has earmarked a staggering N13,805,814,220 for the maintenance allowance of a spectrum of esteemed individuals, including former presidents, vice presidents, chiefs of state, Chiefs of General Staff, retired heads of service, permanent secretaries, and retired heads of government agencies and parastatals.
The beneficiaries encompass a distinguished array of personalities, with former Presidents Olusegun Obasanjo, Goodluck Jonathan, and Muhammadu Buhari leading the list.
Joining them in receiving this maintenance allowance are ex-vice presidents Atiku Abubakar, Namadi Sambo, and Prof Yemi Osinbajo.
The ex-military heads of state, General Yakubu Gowon, General Abdusalami Abubakar, General Ibrahim Babangida, and former Chief of General Staff, Commodore Ebitu Ukiwe (retd.), are also included in this allocation.
Breaking down the financial commitment, the entitlements of past presidents/leaders of states and vice presidents/chiefs of general staff will account for N2.3 billion, underscoring the significant financial commitment to this group.
Retired heads of service, permanent secretaries, and professors will collectively receive N10.5 billion, reflecting the government’s recognition of their contributions and service.
Severance payments to retiring heads of government agencies and parastatals will amount to an estimated N1 billion, emphasizing the government’s commitment to providing financial support to individuals transitioning from their roles.
Beyond these allocations, the budget includes a substantial N1 trillion designated for public service wage adjustments for government Ministries, Departments, and Agencies.
This encompasses arrears of promotion and salary increases, as well as the payment of severance benefits and adjustments related to the minimum wage.
The fiscal plan also outlines diverse allocations for key programs and initiatives. Notably, N65 billion is set aside for the Presidential Amnesty Programme, aimed at reintegrating transformed ex-militants into society. An additional N1 billion is allocated for the Office of the Presidential Adviser on Energy, reflecting the government’s commitment to strategic energy initiatives.
In a bid to address financial obligations, N40 billion is proposed to offset electricity arrears owed by all MDAs to power distribution firms, indicating a concerted effort to streamline financial responsibilities.
However, amidst these substantial allocations, N108 billion has been designated for unspecified special projects, prompting a need for transparency and clarity regarding the nature and scope of these initiatives.
As the budget for the fiscal year 2024 unfolds, the detailed breakdown reveals a complex financial landscape with significant allocations catering to the maintenance and support of influential figures, public service wage adjustments, and diverse programs aimed at addressing critical national priorities.
The public awaits further insights and clarifications regarding the rationale and expected outcomes tied to these allocations.
