Amidst withdrawals from their pension savings account, the Federal Government, FG, has spent a total of N1.76 trillion on pension, gratuities and retirees benefits in the last four years.
Meanwhile the FG plans to spend about N577.36 billion for pension, gratuities and retirees benefits in 2022 fiscal year amidst the growing protests by pensioners across the country over unpaid benefits.
The allocation covers payment for civilian pensions, military pensions and gratuities, national health Insurance Scheme (NHIS) military pension, Defence Intelligent Agency , DIA civilian staff pension and gratuities, police pensions and gratuities, customs, immigration and prisons pensions, universities pensions including arrears, parastatals’ pension and railway pensions, Department of State Security (DSS), Nigeria Intelligence Agency as well as severance benefits to retired heads of government agencies and parastatals.
Others include: DIA civilian staff pension and gratuities (N540.77 million); customs, immigration and prisons pensions (N8.37billion ); universities pensions including arrears (N15.54 billion ); parastatals’ pension and railway pensions (N30.50bn); Department of State Security (DSS), (N12.15billion ); DIA (N9.29billion ); and NELMCO pension arrears (N31.29billion ).
