Ex-Presidents Salary Structure in Nigeria

Ex-presidents Salary Structure in Nigeria: In Nigeria, all Ex-Presidents and Heads of State, Former Vice Presidents, members of Families of deceased Ex-Presidents, and members of Families of deceased ex Vice-Presidents receive pensions/monthly allowances for their upkeep and payment of domestic workers. For clarity, see sections 1, 2 & 3 of the REMUNERATION OF FORMER PRESIDENTS AND HEADS OF STATE ACT 1999.

This article is focus on the Ex-presidents’ salary structure in Nigeria, we have analyzed the updated Nigerian Ex-Presidents’ pensions, budgets, and expenditures in 2024. Read carefully to know if you have been wondering how they are being paid.

Ex-Presidents Salary Structure in Nigeria

In this year’s budgeting, A total of N13,805,814,220 ( about 13.8bn) has been proposed by the President Muhammadu Buhari-led Nigerian government for the disbursement of pensions to former Presidents, Vice-Presidents, Heads of State, Chiefs of General Staff, retired heads of service, permanent secretaries, and also to the retired heads of government agencies and parastatals in the 2024 fiscal year.

The beneficiaries include former Presidents Olusegun Obasanjo, and Goodluck Jonathan, Vice-Presidents Atiku Abubakar, and Namadi Sambo. Among others, ex-military Head of State includes General Yakubu Gowon, General Abdusalami Abubakar, former dictator and self-styled military President, General Ibrahim Babangida, and a former Chief of General Staff, Commodore Ebitu Ukiwe (retd.).

The 2023 budget appropriation, which was highlighted by the Federal Ministry of Finance, Budget, and National Planning, has it that a total of N2.3bn would be for “entitlements of former presidents/heads of states and vice-presidents/chief of general staff.”

The analysis has also revealed that a total of N10.5bn would serve as “benefits of retired heads of service and permanent secretaries.” and N1bn would be paid as “severance benefits to retired heads of government agencies and parastatals.”

Meanwhile, governors and their deputies are also entitled to huge pensions when they leave office, and a number of former chief executives of the various states are also expected to be beneficiaries of pensions, which include monthly payments, the purchase of new vehicles, the building of mansions and payment of domestic workers.

Other Government Expenditure in 2024

The Federal Government of Nigeria’s annual budget expenditure has increased by about 238.45 percent between 2016 and 2023, according to the analysis of a recent report.

According to the Budget Office of the Federation, the federal government budgeted to spend N6.06tn for the 2016 fiscal year. However, in the recently proposed 2024 budget, the overall expenditure was pegged at N20.51tn, which is thrice the amount budgeted in 2016.

In the 2023 budget, the government’s N17.12tn projected expenditure includes the following:

Recurrent expenditure – N6.9tn
Capital expenditure – N5.9tn
Debt servicing – N3.9tn
Statutory transfers amount – N744.11bn
Non-debt recurrent costs – N8.27tn
Personnel costs – N4.99tn
Pensions, gratuities, and retirees’ benefits – N854.8bn;
overheads, N1.11tn;
Capital expenditure, including the capital component of statutory transfers – N5.35tn;
Debt service, N6.31tn; and
Sinking fund of N247.73bn

How Much Does An Ex-President Get Paid In Nigeria?

The president receives a taxable pension from the secretary of the Treasury. Former presidents are entitled to an Executive Level I pension, which was N100,904,336.00 in 2020 and will be N104,172,679.00 starting in January 2023. After a president leaves office, the pension becomes effective.

The Nigerian president is paid a base salary of N292,892. If allowances are added to this base pay, the total pay would be N1,171,568 per month or about N14 million annually. There is some entitlement attached to this pension, such as a well-furnished office, free medical treatment, and a five-bedroom apartment in any location of their choice, etc.

However, the families of deceased former deputies receive N750,000 annually, paying quarterly in the amount of N187,500, while the families of deceased former presidents are each entitled to an annual allowance of N1 million, payable quarterly in the amount of N250,000.

Who Is the Ex-President Of Nigeria?

The list below shows the Nigerian head of State and Ex-presidents;

S/N	Names	Years Served
1	ALHAJI ABUBAKAR TAFAWA BALEWA	1960 – 1966
2	CHIEF BENJAMIN NNAMDI AZIKIWE	OCTOBER 1, 1963 – JANUARY 16, 1966
3	MAJOR GENERAL JOHNSON THOMAS UMUNNAKWE AGUIYI IRONSI	JANUARY 16, 1966 – JULY 29, 1966
4	GENERAL YAKUBU GOWON	AUGUST 1, 1966 – JULY 29, 1975
5	GENERAL MURTALA RAMAT MOHAMMED	JULY 29, 1975 – FEBRUARY 13, 1976
6	GENERAL OLUSEGUN AREMU OKIKIOLA MATTHEW OBASANJO	FEBRUARY 13, 1976 – OCTOBER 1, 1979
7	SHEHU USMAN ALIYU SHAGARI	OCTOBER 1, 1979 – DECEMBER 31, 1983
8	Major General Muhammadu Buhari	31 December 1983 – 27 August 1985
9	General Ibrahim Babangida	27 August 1985 – 26 August 1993
10	Chief Ernest Shonekan	26 August 1993 – 17 November 1993
11	General Sani Abacha	17 November 1993 – 8 June 1998
12	General Abdulsalami Abubakar	9 June 1998 – 29 May 1999
13	Chief Olusegun Obasanjo	29 May 1999 – 29 May 2007
14	Alhaji Umaru Musa Yar’Adua	29 May 2007 – 5 May 2010
15	Dr. Goodluck Jonathan	5 May 2010 – 29 May 2015
16	Muhammadu Buhari	29 May 2015 – 2023

SEE ALSO:

Summary of Ex-President Salary Structure Expenditure

The following is the amount paid to all Ex-Presidents and Heads of State, Former Vice Presidents, members of Families of deceased Ex-Presidents, and members of Families of deceased ex Vice-Presidents as their pensions/monthly allowances for their upkeep and payment of domestic workers from 2017.

Year	Amount
2017	5,899,702,192
2018	11,899,702,192
2019	31,481,261,888
2020	11,686,446,809
2021	7,802,491,809

The acts have mandated the monthly payment of N350,000 to former presidents and N250,000 to former vice presidents and chiefs of general staff as an upkeep allowance, and this is can be reviewed whenever there is an increase in the salary of the serving president.

Also, Living presidents and their deputies are entitled to at least six security details and personal aides; a well-furnished office, and a five-bedroom apartment in any location of their choice.

Vehicle replacement every four years; diplomatic passport for life; free medical treatment, which may be abroad or anywhere necessary, for themselves and their immediate families; thirty days all-expense-paid annual vacation within and outside Nigeria. Note, that all these expenses are from the federal government.

However, we have been able to analyze some of your queries regarding the Ex-President’s salary structure in Nigeria for 2023. If this article helps please bookmark this page for updates and also reach out to us by using the comment box to share your thoughts.

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Michael

This post is authored by Michael Offiong, an Editor of Recruitment Portfolio. Boasting over a decade of expertise in the recruitment sector, Michael provides up-to-date information on jobs and recruitment topics, career opportunities, and breaking news stories.
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