Severance packages for the President, Major General Muhammadu Buhari (retd.), Vice President Yemi Osinbajo, state governors and other political appointees leaving office in 2023 may cost the country about N63.45bn, findings by The PUNCH have shown.
The figure also covers the severance gratuity for ministers, commissioners, National Assembly members, state assembly members and special advisers. It, however, does not include special assistants.
A breakdown of the package indicates that the Federal Government would pay out N3.39bn while the states will cough out N60.06bn.
The beneficiaries’ package was collated from a document obtained from the website of the Revenue Mobilisation and Fiscal Allocation Commission.
The severance allowance is, however, separate from other financial packages which may be in place as retirement benefits or pensions for some of the political office holders.
As approved by RMAFAC, political office holders were entitled to 300 per cent of their annual salary as a severance package.
In addition, some ex-governors will be paid 100 per cent of their annual basic salary for life after leaving office.
They would also get new cars every three years, a house in any part of the country, free medical care, as well as furniture allowance and car maintenance allowance.
They are also entitled to cooks, stewards, gardeners, and other domestic staff, among other perks, including policemen and Department of State Services operatives for life.