This expenditure is a yearly ritual in the nation's budgetary cycle, and by the end of this year, it would have cost Nigeria about N68.8 billion in five years.
While Nigeria prepares for a revenue shortage in 2021, with plans to borrow about a quarter of the year's budget expend, the country will spend around N7.8 billion on entitlements, severance allowances and other perquisites to the nation's former leaders, details of the assented 2021 budget have shown.
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