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Minimum Wage: FG Budgets N160bn For Civil Servants’ Salary Increase

Nigeria Student Forum / General Discussion / Political News / Minimum Wage: FG Budgets N160bn For Civil Servants’ Salary Increase (25) Views

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Rufai Oladimeji
, Nigeria.
The Federal Government has budgeted a total
of N160bn this year to take care of
adjustments that may arise as a result of the
planned increase in minimum wage.

The amount is contained in the 2019 budget
proposal which was submitted by President
Muhammadu Buhari to the National Assembly.

The 2019 budget has an estimate of N8.83tn
made up of N4.04tn for recurrent
expenditure, N2.03tn for capital expenditure
and N2.14tn for debt servicing, among others.
An analysis of the budget showed that the sum
of N160bn had been provisioned to take care
of public wage adjustment and salary increases
in the Ministries, Departments and Agencies of
the government.

The amount is captured under the service wide
vote in the 2019 budget document.

The N160bn is also projected to take care of
arrears of promotion and severance benefits to
civil servants.

Apart from the N160bn, the government has
also budgeted the sum of N4.5bn for the
payment of retirement benefits to former
Heads of Civil Service of the Federation and
retired Permanent Secretaries.

Also, about N5bn was budgeted for payment of
death benefits for civil servants and men of
the Nigeria Police Force.

The entitlements of former Presidents/Heads of
State and Vice-Presidents is to gulp N2.3bn in
2019 while retirement benefits for former
heads of government parastatals are estimated
at about N1bn.

In the same vein, the government is proposing
to spend N121.6bn on military pensions,
N28.3bn on civilian pensions, N7.4bn on
police pensions and N50bn on arrears of 33
per cent increase in pension rates.

The Minister of Budget and National Planning,
Senator Udo Udoma, had said the government
was committed to increasing the minimum
wage.

Udoma had while speaking during the
public presentation of the 2019 budget
explained that already , provisions had
been made in the 2019 budget for the
wage increase.

He said, “ Government committed to an
increase in the Minimum Wage. Provision
has been made for this in the 2019
budget.”

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