Nigeria to spend N7.8 billion on entitlements to ex-presidents, deputies in 2021

January 23, 2021 by Delia Innoma 0 Comments

While Nigeria prepares for a revenue shortage in 2021, with plans to borrow about a quarter of the year’s budget expenditure, the country will spend around N7.8 billion on entitlements, severance allowances and other perquisites to the nation’s former leaders, details of the assented 2021 budget have shown.

The planned 2021 spending is the second-lowest amount that will be allocated to retired top government officials since 2017, when N5.9 billion was budgeted as gratuity for them.

The money is a yearly ritual in the nation’s budgetary cycle, and by the end of this year, it would have cost Nigeria about N68.8 billion in five years.

– Premium Times

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Delia Innoma is a prolific writer, promoter, artist manager with full professional proficiency in English, German and Igbo languages. She studied accounting and computer programming at the Institute of Management and Technology Enugu and Germany respectively. Delia is also a devoted mother of two and she founded the Diamond Celebrities Magazine. Her sense of responsibility and commitment to the Christian faith are essential forces driving her daily activities.

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