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Military Pension Board Seeks Increase in 2021 Budget

The Chairman Military Pensions Board, Commodore S.A Lawal, has appealed to the Senate committee on Defence to increase its twenty twenty one budget proposal to enable the effective discharge of their duties.
Commodore Lawal made the appeal during the Budget defense with the Senate committee on Defense in Abuja.
According to him, Military Pension Board is divided into different department which are: Pensions, Gratuities, Deaths Benefits and Allied costs.
Commodore S.A Lawal disclosed that over two hundred billion naira was proposed for twenty twenty one budget but the National Assembly sliced it to about one hundred and eighty three billion naira.
He said aside from pensions, gratuities and deaths benefits; the allied cost runs through all category of retirees.
He therefore called for the review of the proposed budget.
On the capital and  overhead budget proposals for  twenty twenty one Commodore Lawal said the budget fell short as compared to twenty twenty budget proposal.
He explained that in twenty twenty budget proposal, over one hundred and eighty seven million naira was estimated for capital expenditure but was however reduced to about ninety six million naira for twenty twenty one budget proposal.
Commodore S.A Lawal  therefore appealed to the committee to increase the Military Pensions Board’s overhead and Capital costs allocations considerably to accommodate the rising inflationary trend in the society and to enhance infrastructural development of the Board respectively.
In his contribution senator Istifanus Gyang said the need to review the Military pensions Board was necessary adding that these  fallen heroes  who had served the country meritorously.
Addressing news men after the interactive session, the chairman senate committee on Defense, senator Aliyu  Magatargada Wammako said the appeal would be considered.