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Obasanjo, Jonathan, others to receive N13.8bn maintenance allowance
Obasanjo, Jonathan, others to receive N13.8bn maintenance allowance
The Federal Government has earmarked a total of N13,805,814,220 for the upkeep of former presidents, vice-presidents, heads of state, Chiefs of General Staff, retired heads of service, permanent secretaries, as well as retired heads of government agencies and parastatals in the 2024 fiscal year.
The beneficiaries include former Presidents Olusegun Obasanjo, Goodluck Jonathan and Muhammadu Buhari, as well as ex-vice-presidents Atiku Abubakar, Namadi Sambo and Prof Yemi Osinbajo.
Also expected to benefit from the windfall are ex-military Heads of State, General Yakubu Gowon and General Abdusalami Abubakar, as well as a former dictator and self-styled military President, General Ibrahim Babangida, and a former Chief of General Staff, Commodore Ebitu Ukiwe (retd.).
Also, N1tn was provisioned for the public service wage adjustment for government Ministries, Departments and Agencies (including arrears of promotion and salary increases, and payment of severance benefits and minimum wage-related adjustments).
A breakdown shows that the entitlements of former presidents/heads of states and vice-presidents/chief of general staff will cost N2.3bn, while N10.5bn is proposed as benefits for retired heads of service, permanent secretaries and professors.
The payment of severance benefits to retired heads of government agencies and parastatals is proposed to cost N1bn.
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Other allocations include N65bn for the Presidential Amnesty Programme for the reintegration of transformed ex-militants; N1bn for the Office of the Presidential Adviser on Energy; and N108bn for unnamed special projects.
The government is also proposing the sum of N40bn to offset electricity debts owed power distribution companies by all MDAs.
The item listed as ‘Settlement of MDAs’ electricity debts’, was contained in the sectoral allocation details released by the Chairman, Senate Committee on Appropriations, Solomon Adeola, and obtained by Sunday PUNCH.
According to Adeola, the details of the budget have been released to allay the fears of lawmakers and Nigerians.
He noted that the details had been circulated to allow lawmakers to study and see the allocations TO various sectors.
The Executive Director, Association of Nigerian Electricity Distributors, Sunday Oduntan, in January 2022 revealed that all the Federal Government MDAs and the military owed the electricity distribution companies at least N90bn.
He said though discussions were ongoing as regards settlement, the debt had continued to pile up over the years since the power sector was privatised in November 2013.
He said, “All MDAs’ debt is more than N90bn and the military is part of that. We came on board in 2013 and since then, how much has been paid by the MDAs?
“There was a time when a former minister of power said they (the government) had concluded arrangements on how to settle the debt, but as I speak with you, the bills are still unpaid. Since privatisation, there have been issues around the MDAs’ debt.”
Though the government budgeted N27bn in 2022 and N40bn in 2023 for the settlement of the debt, it is unclear if it made payments to the Discos.
The ministries of Works, Finance, Education and Defence and others got lion’s shares of the N8.7tn capital component of the N27.5tn 2024 budget as contained in sectoral allocation details.
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In the proposed budget, the Ministry of Works is allocated N521.3bn, followed by the Ministry of Finance with N519.9bn, while N308.2bn is earmarked for the Ministry of Defence.
Similarly, the Federal Ministry of Health and Social Welfare is to get N304.4bn, while the Education ministry has an allocation of N265.4bn.
Others are Ministry of Power, N264.2bn, government-owned enterprises, N820.9bn; Tertiary Education Trust Fund, N665bn; Housing and Urban Development ministry, N96.9bn; Water Resources ministry, N87.7bn; and Police Affairs ministry, N69bn.
The National Assembly under statutory transfers gets N198bn; the Niger Delta Development Commission, N324.8bn; Universal Basic Education Board, N251.4bn; National Judicial Council, N165bn; North East Development Commission, N126bn; and Basic Health Care Provision Fund, N125.7bn.
Under capital supplementation, zonal intervention, otherwise called constituency projects for federal lawmakers, gets N100bn; special projects, N108bn; contingency (capital), N200bn; aid and grants funded projects, N685.6bn; and National Social Investment Programme Agency, N100bn.
Minister on budget
Meanwhile, the Minister of Information and National Orientation, Mohammed Idris, on Saturday expressed optimism that the 2024 budget would mark a transformative era in the country once it was passed by the National Assembly.
The minister, while declaring open the Kaduna State chapter of the Nigerian Institute of Public Relations Annual Public Lecture/Annual General Meeting, noted that the budget signified a pivotal step towards the realisation of Tinubu administration’s Renewed Hope Agenda.
In addition to its focus on development priorities, the minister noted that the budget demonstrated a commitment to fiscal responsibility.
According to him, the administration recognises the importance of prudent financial management as the foundation for long-term economic stability.
Idris said, “Just this week, he (Tinubu) presented the 2024 Appropriation Bill of N27.5tn to the National Assembly, the first full-year budget of his administration. The budget as presented signifies a pivotal step towards the realisation of his Renewed Hope Agenda by aligning fiscal strategies and priorities with broader national development objectives.
Obasanjo, Jonathan, others to receive N13.8bn maintenance allowance
News
Yemi Osinbajo Appointed Senior Strategic Adviser to Africa CDC
Yemi Osinbajo Appointed Senior Strategic Adviser to Africa CDC
Former Nigerian Vice-President Yemi Osinbajo has been appointed as Senior Strategic Adviser to the Director-General of the Africa Centres for Disease Control and Prevention (Africa CDC), as the agency pushes forward the continent’s Africa Health Security and Sovereignty (AHSS) agenda.
The appointment, announced on Monday, comes at a critical time as Africa CDC seeks to enhance health systems, boost domestic financing, expand local production of medical supplies, and strengthen Africa’s influence in global health governance. In this role, Osinbajo will provide strategic guidance on pandemic preparedness, sustainable healthcare financing, policy direction, and continental collaboration.
Director-General Jean Kaseya praised Osinbajo’s wealth of experience, highlighting his expertise at the intersection of governance, finance, law, and diplomacy. “At a time when Africa must act with greater authority on the future of health, his leadership will be invaluable,” Kaseya said. He added that Osinbajo’s appointment reflects Africa CDC’s commitment to mobilising top African leadership in service of the continent’s health security and development.
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Osinbajo served as Nigeria’s Vice-President from 2015 to 2023, during which he chaired the Economic Sustainability Committee, contributed to reforms enhancing the ease of doing business, and played a key role in implementing Nigeria’s social investment programmes. Earlier, he was Attorney-General and Commissioner for Justice in Lagos State from 1999 to 2007. His legal and governance background positions him to offer critical insights on health policy, regulatory frameworks, and strategic partnerships.
The AHSS agenda, which Osinbajo will help drive, seeks to strengthen Africa’s self-reliance in health, improve disease surveillance, and foster regional collaboration to respond more effectively to pandemics and other public health emergencies. Experts say his advisory role will be crucial in promoting local production of vaccines and medical equipment, ensuring Africa can meet its own health needs while influencing global health decisions.
Africa CDC, operating under the African Union, aims to support member states in building resilient health systems capable of confronting future outbreaks and public health crises. Osinbajo’s appointment is expected to further amplify Africa’s voice in global health while ensuring sustainable health development across the continent.
Yemi Osinbajo Appointed Senior Strategic Adviser to Africa CDC
News
Iran Lists Tough Conditions for Peace Talks with US
Iran Lists Tough Conditions for Peace Talks with US
By Agency Report
Iran has outlined a set of strict preconditions for engaging in negotiations with the United States aimed at achieving a lasting peace, signalling a hardening of its stance amid ongoing hostilities in the Middle East.
According to a senior Iranian official who spoke to Reuters, Tehran is insisting on an immediate halt to U.S. military strikes, alongside firm guarantees that such attacks will not be repeated, as a prerequisite for any talks.
The official also disclosed that Iran is demanding compensation for damages suffered during the conflict, underscoring the country’s position that any future negotiations must address the consequences of the ongoing war.
In a further indication of its firm posture, Iran has rejected proposals for a temporary ceasefire, maintaining that only a comprehensive and permanent peace agreement would be acceptable.
Tehran is also pushing for new arrangements regarding the strategic Strait of Hormuz, including the right to impose transit fees on vessels passing through the vital global oil shipping route. The proposed fees, according to the official, would vary depending on the type of vessel, its cargo, and prevailing conditions.
The development comes amid intensified diplomatic efforts led by regional mediators, including Pakistan, to broker a ceasefire between the two sides. A U.S.-backed proposal for a 45-day truce has reportedly been put forward as a stepping stone toward broader negotiations, though Tehran has dismissed the idea as insufficient.
Tensions between the two countries remain high, with both sides holding firm to their positions. Analysts say Iran’s demands reflect a broader strategy to secure long-term guarantees and reshape the terms of engagement in the region, rather than accept short-term de-escalation measures.
With neither side showing signs of compromise, prospects for immediate negotiations appear uncertain, raising concerns about further escalation and its implications for global security and energy markets.
Iran Lists Tough Conditions for Peace Talks with US
News
Tinubu Unveils ₦3.3tn Electricity Bailout to Revive Nigeria’s Power Sector
Tinubu Unveils ₦3.3tn Electricity Bailout to Revive Nigeria’s Power Sector
President Bola Ahmed Tinubu has approved a sweeping ₦3.3 trillion power sector bailout aimed at clearing long-standing debts and stabilising Nigeria’s struggling electricity industry.
The intervention, implemented under the Presidential Power Sector Financial Reforms Programme, is designed to resolve liabilities accumulated between February 2015 and March 2025, following a comprehensive verification process.
Presidential spokesman Bayo Onanuga disclosed that the ₦3.3 trillion electricity debt settlement represents a full and final agreement to restore financial stability across the sector. He explained that the debts, largely driven by unpaid invoices, tariff shortfalls, and subsidy obligations, had significantly weakened liquidity in the power value chain.
Implementation of the power sector debt repayment plan has already commenced, with 15 generation companies signing settlement agreements worth about ₦2.3 trillion. The Federal Government has raised ₦501 billion so far to fund the initiative, out of which ₦223 billion has already been disbursed, while additional payments are ongoing.
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The Nigeria electricity sector bailout is expected to inject much-needed cash into the industry, ensuring that gas suppliers receive payments, power plants can sustain operations, and electricity generation becomes more stable. With improved liquidity, officials say the country could begin to see gradual improvements in power supply, reduced grid disruptions, and better service delivery.
Special Adviser on Energy to the President, Olu Arowolo-Verheijen, said the programme is not just about clearing debts but rebuilding trust across the industry. She noted that restoring confidence is critical to attracting investment, maintaining consistent gas supply, and ensuring that power plants operate efficiently.
She further explained that the initiative forms part of broader power sector reforms in Nigeria, including nationwide metering improvements and the introduction of service-based tariffs that align electricity costs with the quality of supply. According to her, the government is also prioritising electricity supply to businesses, industries, and small enterprises, recognising that reliable power is essential for job creation and economic growth.
The Tinubu administration believes the electricity sector stabilisation plan will reduce reliance on generators, lower the cost of doing business, and improve productivity across key sectors of the economy. Analysts say resolving the sector’s liquidity crisis could unlock new investments and strengthen Nigeria’s overall economic performance.
President Tinubu also commended stakeholders for their cooperation in addressing long-standing challenges in the industry and confirmed that the next phase of the reform programme, Series II, will commence within the current quarter. The phase is expected to deepen structural reforms and ensure long-term sustainability of the electricity market.
Tinubu Unveils ₦3.3tn Electricity Bailout to Revive Nigeria’s Power Sector
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