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Budget 2020: Jonathan, IBB, Obasanjo, Others To Share N2.3 Billion (See Breakdown)



Budget 2020: Jonathan, IBB, Obasanjo, Others To Share N2.3 Billion (See Breakdown)

Former Nigerian Presidents Olusegun Obasanjo, Goodluck Jonathan and former Head of State, Ibrahim Babangida (IBB), will receive a cumulative entitlements of N2.3 billion under the 2020 fiscal year (Budget 2020).

Naija News reports that President Muhammadu Buhari presented the N10.33 trillion budget proposal to a joint session of the national assembly last week Tuesday.

A peep into the 2020 Appropriation Bill (Budget 2020) presented to a joint session of the Senate and House of Representatives, shows that General Yakubu Gowon, Abdulsalami Abubakar, Chief Ernest Shonekan, Ebitu Okiwe, Oladipo Diya, Atiku Abubakar and Namadi Sambo will also benefit from the budgeted entitlements.

This online news platform understands that the budgetary allocation is listed under the omnibus “Service Wide Vote” domiciled in the Presidency as “Entitlements for former Presidents/Heads of State and Vice Presidents/Chief of General Staff.”

The benefits for retired Heads of Service of the Federation who are to enjoy a whopping N4.502 billion and retired Chief of Defence Staff, Service Chiefs, Generals and Colonels who are to receive a cumulative N3.88 billion, has also been listed under the “Service Wide Vote“.

Meanwhile, President Buhari while presenting the Budget 2020 last week, described it as a “budget of sustainability,” a description which was questioned by the Minority Leader of the Nigerian Senate, Senator Enyinnaya Abaribe.

The Peoples Democratic Party (PDP) Senator argued that the budget 2020 proposal is not sustainable because debt servicing is higher than capital expenditure.

Source: Naija News