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Buhari, Osinbajo, Others To Get N64.72bn Severance Packages – Report

The final pay in office for President Muhammadu Buhari, Vice President Yemi Osinbajo, state governors and other political appointees about to leave office may cost the country about N64.72bn.
According to The PUNCH, the figure also covers the pay for ministers, commissioners, National Assembly members, and special advisers.
It, however, does not include special assistants and state assembly members.
The allocations by the Revenue Mobilisation and Fiscal Allocation Commission for salaries and allowances for one month, as well as severance gratuity (300 per cent of basic salary), were analysed to arrive at the figures.
More specifically, aside from the basic for the last month in office, the figure includes allowances, such as hardship allowance (50 per cent of basic salary), Consistency allowance (250 per cent of basic salary), motor vehicle fueling allowance (75 per cent of basic salary), entertainment allowance (45 per cent of basic salary), among others.
As stipulated by RMAFAC, Buhari is expected to get N1.71m, which includes basic salary and a few allowances and N10.54m as severance gratuity.
Vice-President Osinbajo is expected to get N1.01m plus N9.09m severance pay.
The eight special advisers in the Presidency are expected to get N590,957, which includes basic salary and a few allowances, and N5.83m severance pay each.
In total, N51.37m will be spent on the special advisers under the Presidency.
There are 44 ministers under Buhari, consisting of 27 federal ministers and 17 ministers of state.
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While each minister is entitled to N6.73m (which includes basic salary, some allowances and severance pay), each minister of state is entitled to N6.5m.
In total, they would get N292.21m, with ministers getting N181.71m and ministers of states receiving N110.5m.
Each special adviser under the minister is entitled to a final pay of N6.42m. With each minister having one special adviser, the total sum of N282.48m will be spent.
The PUNCH checks indicate that about 327 National Assembly members would not be returning to the office.
This is made up of 76 Senators and 251 members of the House of Representatives.
While the senators will get N7.14m each, the House of Representatives members will get N6.75m each.
In total, the final pay in office of the 327 National Assembly members will cost the country about N2.24bn.
Although governorship elections were held in about 28 states, no fewer than 18 state governors will hand over to their successors on May 29, 2023.
The outgoing governors include Nyesom Wike (Rivers State), Ifeanyi Okowa (Delta State), Udom Emmanuel (Akwa Ibom State), Abdullahi Ganduje (Kano State), Badaru Abubakar (Jigawa State), Bello Matawalle (Zamfara State), Ben Ayade (Cross River State), Okezie Ikpeazu (Abia State), and David Umahi (Ebonyi State).
Other outgoing governors include Ifeanyi Ugwuanyi (Enugu State), Samuel Ortom (Benue State), Darius Ishaku (Taraba State), Abubakar Bello (Niger State), Abubakar Bagudu (Kebbi State), Nasir El-Rufai (Kaduna State), Simon Lalong (Plateau State), Aminu Masari (Katsina State) and Aminu Tambuwal (Sokoto State).
The outgoing governors will be completing two terms of eight years in office on May 28, 2023, except Zamfara’s Matawalle, who lost his re-election attempt.
Each governor is entitled to a final pay of N7.32m while the deputy governor gets N6.96m. In total, state governors will get N131.76m while their deputies would be paid N125.28m.
With each commissioner entitled to N4.42m, a total of 356 state commissioners will get N1.57bn.
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Special advisers at the state level are by law entitled to N4.13m each. The 18 states have about 14,529 special advisers in total, which would cost the public treasury over N60bn.
Rivers State is expected to pay out a huge final pay on account of the high number of political appointees engaged by Governor Nyesom Wike, who last year appointed 14,000 special advisers.
The beneficiaries of the end-of-tenure pay also include the eight commissioners.
The Enugu State House Assembly has a total of 24 seats while the executive arm boasts 25 commissioners with an undisclosed number of special advisers.
Governor Tambuwal of Sokoto State was reported to have appointed over 50 special advisers. The governor recently appointed another 15 special advisers to compensate the members of his party who lost out in the Peoples Democratic Party primaries. The state also boasts of about 21 commissioners supervising different ministries.
The PUNCH earlier reported that no fewer than 18 outgoing state governors will retire into lives of luxury with generous pension benefits despite mounting debts and unpaid workers’ salaries.
The PUNCH investigations showed that the governors, who will hand over to their successors on May 29, 2023, would be leaving behind at least N3.06tn debt for the incoming administrations.
READ ALSO: Buhari Receives Asset Declaration Form, Orders Outgoing Officials To Do Same
According to data from the Debt Management Office, states’ debts included N2.27tn domestic loans and $1.71bn foreign borrowing.
In a report, a senior economist with SPM Professionals, Mr Paul Alaje, described the pay and benefits as a burden on the states.
He said, “The pension is a burden for any payer, the government and the state. It only shows that people think they don’t have a life outside political offices and that is why such an amount will be budgeted for somebody who is no longer in office and who is not contributing directly to the growth and development of the state… It is unrealistic for this practice to continue. More than 60 to 70 per cent of our states are bleeding in terms of financial boost and this continues every four years.
“What we are doing is, we are deliberately plunging our country into a coma. A time will come and we are close to it when all we are generating as internally generated revenue will just be enough salaries and pensions, and only take care of political officeholders without any infrastructural development. We must condemn in strong terms the spending of the little resources we have to better the lives of politicians at the detriment of the states.”
PUNCH
Headline
‘Pioneer Of Cable TV News’: Key Facts About CNN Founder, Ted Turner

Ted Turner, the media businessman who founded CNN died at the age of 87. He died peacefully on Wednesday, surrounded by family, according to Turner Enterprises.
Contents
Launched 24-hour news television
Built a media network
Expanded through sports
Recognition and influence
Philanthropy and global causes
Environmental efforts
Health and later years
Early career path
Leadership and legacy
Personal life
Exit from business
Family
Below are key facts about his life and impact:
Launched 24-hour news television
Turner founded CNN on June 1, 1980, introducing the first 24-hour news channel and changing how audiences follow global events.
READ ALSO:CNN To Layoff 200 Staff Amid Attempts To Modernise Business
Built a media network
He moved from billboards into broadcasting, turning an Atlanta TV station into a national superstation in 1976. His business later grew to include CNN International, TNT, Turner Classic Movies and Cartoon Network.
Expanded through sports
Turner invested in sports broadcasting and owned teams including the Atlanta Braves and the Atlanta Hawks, using television to reach wider audiences.
Recognition and influence
In 1991, he was named Time magazine’s Man of the Year for his role in shaping modern news coverage.
Philanthropy and global causes
He founded the United Nations Foundation and supported campaigns against nuclear weapons. In 1997, he pledged $1 billion to the United Nations.
READ ALSO:CNN President, Jeff Zucker Resigns After Failing To Disclose Secret Affair With Colleague
Turner supported conservation work, including reintroducing bison in the United States, and backed environmental education through the “Captain Planet” cartoon.
Health and later years
In 2018, Turner revealed he had Lewy body dementia. He also recovered from a mild case of pneumonia in early 2025.
Early career path
He took over his father’s billboard company at 24 after his father’s death and later expanded into radio and television, despite limited experience in journalism.
“I worked until 7 o’clock, and when I got home the news was over,” he once said. “So I missed television news completely. And I figured there were lots of people like me.”
Leadership and legacy
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“Ted was an intensely involved and committed leader, intrepid, fearless and always willing to back a hunch and trust his own judgement,” Mark Thompson, Chairman and CEO of CNN Worldwide, said in a statement. “He was and always will be the presiding spirit of CNN. Ted is the giant on whose shoulders we stand, and we will all take a moment today to recognize him and his impact on our lives and the world.”
Personal life
Turner married actress Jane Fonda in 1991, and they later divorced after 10 years, though they remained close.
“I would never love anyone like I love him,” she said. “But I just couldn’t keep moving in his world, along the surface for the rest of my life. I knew that I would get to the end of my life and regret not doing the things that I also needed to do for me.”
Exit from business
He sold his company to Time Warner in 1996 and later stepped away following its merger with AOL.
Reflecting on his life, Turner once said: “I lost Jane. I lost my job here. I lost my fortune, most of it. Got a billion or two left. You can get by on that if you economize.”
Family
He is survived by his five children, 14 grandchildren and two great-grandchildren.
Headline
Iran’s Nationwide Internet Shutdown Hits 70 Days

NetBlocks, a monitoring group, has disclosed that an internet shutdown enforced by the Iranian regime has entered its 70th day, severing key access from swathes of the population under the shadow of war.
NetBlocks reported on Friday that the blackout has now surpassed 1,656 hours, marking more than two months since US-Israeli strikes pounded Tehran and escalated across the Middle East.
“Digital connectivity is vital in times of crisis,” NetBlocks said in a post on X. “Limiting service harms those most in need – people with disabilities, students, small businesses and the general public.”
READ ALSO:US Underestimated Iran Before War – France’s Bardella
According to CNN, Iran imposed a separate internet shutdown on the country’s 92 million people earlier this year, when it launched the most lethal crackdown on anti-government protesters since the Islamic Republic’s founding 47 years ago.
CNN further reports that the latest blackout has cut off another potential lifeline for Iranian residents faced with high unemployment and economic pressure exacerbated by the US-Israeli campaign.
(CNN)
Headline
Gas Prices In US Edge Down After Two Weeks Of Increases

The cost of a gallon of regular gas in the United States (US) has edged down a little more than a penny to $4.55.
According to AAA’s readings, this marks the first decline in the average gas price after 15 straight days of increases.
The decline is minuscule compared to the large increases in gas prices over the last two weeks.
According to CNN, gasoline costs rose an average of nearly 4 cents a day during that period and had several daily increases of between 7 and 9 cents.
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Also Read: Trump insists US-Iran ceasefire intact despite recent exchange of fire
CNN also reports that based on past gas spikes, it will likely take weeks for gas prices to get down below $4 a gallon.
The report, however, states that a previous two-week stretch of gas price declines only shaved 14 cents off the average price, taking the average price to $4.02, before the recent 15-day run of increases.
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According to CNN, it could take months for the average price to fall below $3 per gallon, as it did before the war in Iran.
CNN further reports that only one state – Oklahoma – now has an average price of less than $4 a gallon, and its average stands at $3.98. California has the highest average price at $6.16.
(CNN)
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