NIGERIA: FG SPENDS N14.35BN ON EX-PRESIDENTS, VICE PRESIDENTS IN 12 YEARS

By the end of this year, the Federal Government would have spent, at least, N14.35 billion on the up-keep of former presidents, vice presidents and their families, over a period of 12 years, Vanguard’s checks have revealed.

             

From a modest N140 million in 2005, funds allocated to entitlements of former presidents/heads of state, former vice presidents or chiefs of general staff have risen rapidly to hit N2.3 billion in 2016 (See table).

 The peak was in 2012 when the immediate past Dr Goodluck Jonathan’s Administration budgeted N3.185 billion for the welfare of the ex-leaders. The lowest allocation was in 2008 when N24 million was allocated. The figure for 2007 was not disclosed. Between 2013 and 2016, the allocation was constant at N2.3 billion for each year.

For 2017, the federal government has proposed N2.3bn. The Office of the Secretary to the Government of the Federation, OSGF, has allocated the sum of N432. 193 million for the purchase of cars for the nation’s seven former presidents/heads of state and four vice presidents.

Read more at vanguard

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