FG plans N854.8bn for pensions in 2023

PRESIDENT BUHARI LAUNCHES THE HIV TRUST FUND OF NIGERIA 0A; President Muhammadu Buhari Speaking during the launch of the HIV Trust Fund at the State House Abuja. PHOO; SUNDAY AGHAEZE. 1ST FEBRUARY 2022

The Federal Government plans to spend N854.8bn on pensions, gratuities and retirees’ benefits in the 2023 budget.

The President, Major General Muhammadu Buhari (retd.), disclosed this while presenting the 2023 appropriation bill to a joint session of the National Assembly in Abuja on Friday.

He disclosed that the total non-debt recurrent expenditure in January to July 2002 was 3.24tn, of which 2.87tn was for salaries, pensions and overheads.

The government, he said, would spend N20.15tn for the 2023 fiscal year.


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