How states spent N37.367bn on pensions of 47 ex-govs, deputies

Former governors are bearing an exerting pressure on national development with pension payments and other entitlements draining billions of naira every year from development funds for the states.

Over N37.367 billion was according to Vanguard findings expended on servicing 47 former governors from 21 of the nation’s states in pension payments and provision of houses, staff and motor vehicles replaceable between three and four years.
Payment of pension to former governors over a four year cycle are highest in Bauchi, Rivers, Akwa Ibom, and Lagos States with former governors drawing N23.18 billion N2.795 billion, N2.043 billion and N1.606 billion respectively over four years.

The payments are in many cases besides provisions for medical expenses for the former chief executives which run into hundreds of millions per former chief executive in many cases.

Vanguard, January 23, 2017

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