2024 Budget Proposes N13.8 Billion for Ex-Leaders' Upkeep, N1 Trillion for Civil Service Wages
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The Federal Government has budgeted N13.8 billion for upkeep of former presidents, vice presidents, heads of state, etc. in 2024. This includes Obasanjo, Jonathan, Buhari, Abubakar, and others.
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N1 trillion was budgeted for public service wage adjustments including promotion arrears, severance benefits, and minimum wage adjustments.
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The electricity debt owed by government MDAs to distribution companies is N90 billion. N40 billion was budgeted in 2023 to offset this.
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Key ministries like Works, Finance, Education and Defence received the largest capital allocations in the 2024 budget.
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The Minister of Information expressed optimism that the 2024 budget would mark a transformative era if passed by the National Assembly.