Former Nigerian Presidents, Goodluck Jonathan and Olusegun Obasanjo and former head of State Ibrahim Babangida, IBB and others to share N2.3 billion under the 2020 fiscal year (Budget 2020).
Recall that Daily Tells Nigeria reported President Muhammadu Buhari presented N10.33 trillion budget proposal to national assembly last week Tuesday.
Buhari had presented the Budget for 2020 fiscal year to the joint session of National Assembly for the 2020 Appropriation Bill.
General Yakubu Gowon, Abdulsalami Abubakar, Chief Ernest Shonekan, Ebitu Okiwe, Oladipo Diya, Atiku Abubakar and Namadi Sambo are among those that will benefit from the N2.3 Billion.
Daily Tells understands that 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.”
Retired Heads of Service of the Federation are to share N4.502 billion and retired Chief of Defence Staff, Service Chiefs, Generals and Colonels are to receive N3.88 billion.
According to Senator Abaribe, Senate Minority Leader, said the budget as presented by President Buhari is not sustainable.
This online media understands that Mr. President had described the Budget 2020 as “Budget of Sustainability“.