Sign in
Download Opera News App

News Politics

 

Politics

 

Nigeria politics

N2.3 billion Allocated For The Past Presidents In The 2022 Budget Calls For A Constitutional Review

Image credit: bbc.com

As reported by the Vanguard News, the Federal Government of Nigeria has allocated the sum of N2.3 billion for the entitlement of the former President and the Military Heads of State in the 2022 budget that is currently submitted to the National Assembly for approval.

The beneficiaries of the allowances include Generals Yakubu Gowon, Ibrahim Babangida and Abdulsalami Abubakar, Chiefs Ernest Shonekan and Olusegun Obasanjo, as well as, Dr Goodluck Jonathan. If one is to consider the following issues, one would agree that these humongous amounts being paid as entitlement to the past leaders needs a constitutional review.

Image credit: vanguardngr.com

First of all, no country in the world pays such an amount to their past president. If you divided N2.3 billion into six you would arrive at a whopping N383.3 million whereas the annual pension of Barack Obama is around $200,000 which is less than N83 million. What this means is that each former president of Nigeria earns above N300 million more than any American past president.

Away from that, in the same budget, N50 billion is allocated to over 500,000 health workers as hazard allowance, which means, each person is to be provided with a meagre N100,000 as hazard allowance for taking care of the health of almost 200 million persons.

(Images of the Nigerian former Heads of State. Image credit: Premium Times)

Not that only, in a country where many states are struggling to pay a minimum wage of N30,000 a month, a former president with numerous assets and countless investments across the world is getting N32 million monthly, the pensions of the six of them combined will pay the minimum wage of 76,000 people annually.

Furthermore, a provision of N4.502 billion was said to have equally been made for retired Heads of Service and Permanent Secretaries; while N 1 billion was provisioned for the severance benefits to retired Heads of government agencies and parastatals. These are people who are millionaires and billionaires already, and the majority of them are with businesses that are feeding fat on the common man.

Image credit: punchng.com

Finally, looking at all these analyses, one would agree that there is a need for a constitutional review to cut costs on the amount being spent on these few elites at the expense of the majority of the citizens.

Content created and supplied by: Olatunbosunsuccess (via Opera News )

Abdulsalami Abubakar Ernest Shonekan Goodluck Jonathan Ibrahim Babangida Olusegun Obasanjo

COMMENTS

Load app to read more comments