N171bn for military, N22bn for Nigeria Airways… inside Buhari’s N422bn package for pensioners


N171bn for military, N22bn for Nigeria Airways… inside Buhari’s N422bn package for pensioners



The proposed 2019 budget submitted before the national assembly by President Muhammadu Buhari earmarks N422 billion for pensioners.
Checks made by TheCable into the budget document showed that the military got the highest allocation at N171 billion while the civilian staff of the Defence Intelligence Academy got the lowest allocation at N224 million.
The presidency also included N22.86 billion in the budget for settling ex-staff of the now-defunct Nigeria Airways. In 2018, the federal government had paid N22.6 billion, which is 50% of the total entitlement meant for the staff.
The pension benefits of former presidents, vice presidents and military heads of states were pegged at N2.30 billion.
Here is a breakdown of the benefits due to pensioners as listed in the proposed 2019 budget.
S/NDEPARTMENTAMOUNT
1Arrears of 2017/2018 Pension and gratuityN33.08bn
2Nigeria Airways ex-staffN22.68bn
3Defence Intelligence Academy Civilian staffN224mn
4Medical retireesN1.25bn
5NELMCO pensionN16.6bn
7DSS PensionN13.73bn
8Pre-1996 NRC pensionN2.25bn
9Police pension/death benefitsN12.41bn
10Civilian pensionN30.69bn
11Military pension, death benefits, gratuitiesN171bn
12Universities pensionN14.34bn
13Customs pensionN8.42bn
14Railway/parastatalN26.75bn
15Retired perm sec, head of civil serviceN5.50bn
16Ex-presidents, VPsN2.30bn
17Arrears of pension liabilities, 33% increaseN60bn
18NIA pensionN3.70bn
The defunct national carrier has over 6000 staff who had to through a verification exercise in 2018 before 50% of their entitlements were paid.


TheCable