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Retirement: Top Generals Get $20,000 Medical Allowance, Bullet-proof SUV, Others

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President Bola Tinubu has approved a retirement package for service chiefs and generals, including $20,000 for foreign medical treatment, bullet-proof SUVs, cooks, and other benefits, which have been criticized by the Nigerian Medical Association, the Medical and Dental Consultants Association of Nigeria, and the Nigerian Association of Resident Doctors.

Under the Harmonised Terms and Conditions of Service for Officers and Enlisted Personnel in the Nigerian Armed Forces, signed by President Bola Tinubu on December 14, 2024, the Chief of Defence Staff and other service chiefs are entitled to a bulletproof SUV or its equivalent as part of their retirement benefits.

The vehicle will be replaced every four years and maintained by the military. Additionally, a Peugeot 508 or an equivalent vehicle will be provided as a backup.

The retired generals will also enjoy a range of other luxurious benefits, including domestic aides and residential guards upon retirement.

While those who retire as lieutenant generals and their equivalents will enjoy international and local medical treatment worth up to $20,000 annually, the benefits for the CDS and the service chiefs were not specified, but it is believed that theirs would be significantly higher.

In addition, they will be assigned a special assistant or personal assistant, three service drivers, and a service orderly, with escorts provided as necessary by relevant military units.

Also, each retiring service chief will also be provided with five domestic aides, comprising two service cooks, two stewards, and one civilian gardener, along with an aide-de-camp or security officer.

The HTCOS read, “Retirement benefits for CDS and Service Chiefs: The following benefits shall be applicable: One bullet-proof SUV or equivalent vehicle to be maintained by the Service and to be replaced every four years. One Peugeot 508 or equivalent backup vehicle.

‘’Retention of all military uniforms and accoutrement to be worn for appropriate ceremonies; five domestic aides (two service cooks, two stewards and one civilian gardener); one Aide-de-Camp/security officer; one Special Assistant (Lt/Capt or equivalents) or one Personal Assistant (Warrant Officer or equivalents); standard guard (nine soldiers).

“Three service drivers; one service orderly; escorts (to be provided by appropriate military units/ formation as the need arises); retention of personal firearms (on his demise, the personal firearm(s) shall be retrieved by the relevant service) and free medical cover in Nigeria and abroad.”

For other senior officers such as lieutenant generals and equivalents, they are entitled to two Toyota Hilux vehicles or one Toyota Land Cruiser, along with $20,000 annual medical treatment, two cooks, two stewards, four residential guards and two drivers.

The document stated, “Lieutenant generals and equivalents will receive two Toyota Hilux vehicles or one Toyota Land Cruiser, along with $20,000 annual medical treatment, two cooks, two stewards, four residential guards, and two drivers.

“Retirement benefits for lieutenant general/equivalents. The following benefits shall be applicable: Officers of three-star rank. Two Toyota Hilux Vehicles or one Toyota Land cruiser or equivalent jeep of the same value; two Cooks; two Stewards; four residential guards; one service orderly; two service drivers and free medicals in Nigeria and abroad to the tune of $20,000 per year.”

The Federal Government also approved for major generals and brigadier generals a Toyota Land Cruiser or equivalent, $15,000 annual medical treatment, domestic staff, and residential guards.

One-star officers are expected to receive $10,000 annually for medical care, a Toyota Camry or equivalent and similar domestic and security arrangements.

The HTCOS further read, “For major-generals/brigadier-generals and equivalents, the following benefits shall be applicable: One Toyota Land Cruiser or equivalent car of the same value.

“One cook; One steward, two residential guards; One service orderly; One driver; Free medicals in Nigeria, and abroad to the tune of $15,000 per annum.

“Officers of One-Star rank (Brig. Gen.): One Toyota Camry or equivalent car of the same value; One service driver; two residential guards; One orderly and free medicals in Nigeria and abroad to the tune of $10,000 per annum.’’

Colonels and their equivalents are to get a Toyota Corolla or its equivalent and free medical care within Nigeria.

The President of the NMA, Prof Bala Audu, emphasised that any retirement benefits received by government officials should be invested within Nigeria.

Speaking on the upgraded perks for the military brass, the NMA president noted, “If they want to give them government-benefited medical treatment, cooks, or whatever, I think they should give them all their benefits in Nigeria, that is what I believe.’’

“Whoever wants to receive benefits, whether service chiefs or Mr. President, it should be in Nigeria, and not abroad,’’ he insisted.

President of MDCAN, Prof Muhammad Muhammad, demanded that the Nigerian healthcare system should be transformed to cater to Nigerians’ healthcare needs.

“My main concern is not what they are giving, but the fact that it is made official that the medical treatment has to be abroad. When, in fact, in most situations, when they go out, it’s Nigerian doctors that they are going to meet. So, in that situation, we need to make sure they are taking good care of the Nigerian healthcare providers,’’ he said.

He added that the decision to make provision for foreign treatment for the retired officers signalled a lack of confidence in the local health sector.

“This also means that the government does not have confidence in the Nigerian healthcare system. So, they have to make sure that whatever level of care they receive abroad, we also have it in Nigeria because that is what is going to make Nigerians continue to have confidence in the healthcare system and the healthcare providers in Nigeria. So, my main concern is not what was allocated, but the fact that it is made official that the treatment will be abroad.

“That means the government itself is not comfortable and is not happy with what is available in the Nigerian hospitals for the care of Nigerians,” he added.

While acknowledging that the retirement package for service chiefs, judges, and politicians is not new, the medical expert insisted that the well-being of Nigerians and healthcare professionals should also be prioritised.

“And then likewise, they need to increase budgetary provisions to upgrade our hospitals and other healthcare institutions and training centres so that Nigerians who may not necessarily have to go out of the country will be able to get the requisite healthcare service that they require,” he recommended.

On his part, NARD president, Dr Tope Osundara, noted that medical tourism is the bane of the health sector, stressing the need to address it urgently.

“The treatment they go abroad to get can be gotten here in Nigeria. Besides, what is stopping the government from providing state-of-the-art equipment in our hospitals or upgrading the hospitals?

“It’s not like we don’t have Nigerian doctors who can do some of the things they travel abroad to do, but unfortunately, rather than prioritise our health system, equip the hospitals and make it efficient, we would rather spend the money elsewhere, thereby improving their economy.

“We should rather pump money into our health system, and this money will find a way to circulate. By the time you are pumping money into it, and people are taking advantage, it will give a return on investment. But it seems that the focus of the government is elsewhere rather than majoring on what is essential in Nigeria.

“I appreciate the Coordinating Minister, Prof Muhammad Pate, who is also trying to do everything they can to improve the health system, but there is a limit to what a minister can do.

“We need a paradigm shift concerning reforms in the health sector. It still lies with the executive arm of government to ensure that the priorities are not focused on medical treatment abroad, but we should internalise treatment and make it local,” he said.

The Country Director, Accountability Lab Nigeria, Friday Odeh, described the development as “alarming”, noting the hardship faced by Nigerians, adding that the extravagant retirement benefits raised concerns about the priorities of the government.

He also questioned whether the service chiefs had done enough to deserve the packages while calling on the citizens to challenge such policies.

Odeh stated, “It is alarming that service chiefs are set to receive $20,000 for foreign medical treatment, bullet-proof SUVs, and personal staff as part of their retirement package. At a time when Nigeria faces economic hardship, such extravagance raises serious concerns about the government’s priorities.

‘’Millions of Nigerians struggle with poverty and failing public services, yet resources are being funnelled into luxuries for a select few. Does Nigeria truly have this kind of money to play around with?”

Odeh queried the wisdom behind the retirement perks citing the inability of the armed forces to address the insecurity plaguing the country.

He added, “The justification for these perks is questionable. For over 12 years, insecurity has ravaged the country, with insurgency, kidnapping, banditry, and violence leaving a trail of destruction. While there have been some gains, they are uneven and insufficient.

‘’Have the service chiefs done enough to deserve such packages, especially when insecurity persists in many regions in a country where military procurement details are never public and allegedly, corruption sits deep in these budgets?

“This policy reflects deeper issues in governance. It sends a troubling signal that public resources can be lavishly spent on elites, regardless of performance.

“Citizens and the media must challenge such policies that always hide behind national security, and demand a focus on the greater good. While insecurity has marginally reduced in some areas, it is far from enough to justify rewarding leaders with excessive perks,” he stated.

The Executive Director of the Rule of Law Advocacy and Accountability Centre, Okechukwu Nwaguma, pointed out that the retirement benefits reflected “a troubling disconnect between government actions and the realities faced by citizens”, adding that the justification for such perks was questionable.

He noted, “The Nigerian government’s decision to grant excessive retirement perks to military leaders amid the current economic hardship reflects a troubling disconnect between government actions and the realities faced by citizens.

“It raises significant concerns regarding government prioritization and fairness. The lavish retirement benefits of military leaders contrast sharply with the struggles faced by the majority of citizens dealing with insecurity, unemployment, and inflation.

“This disparity can deepen public disenchantment with the government, as it appears more focused on rewarding elites than addressing the needs of ordinary people.”

Nwaguma said the decision may reinforce the perception that the Tinubu government favoured elite interests, fostering public alienation.

“It raises questions about the fairness of resource allocation during times of crisis. This situation highlights the need for improved governance that reflects the will and welfare of the people. Citizens expect their leaders to demonstrate empathy and responsibility.

“For lasting stability and public trust, the government should align its policies with the socioeconomic realities of the populace and prioritise security and social welfare initiatives,” he added.

 

Credit: The Punch

BIG STORY

National Credit Guarantee Company, Financial Institutions Sign Landmark MoU To Expand Credit Access For Youth And Women-Led Enterprises [PHOTOS]

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The National Credit Guarantee Company (NCGC) today formalized strategic partnerships with leading Participating Financial Institutions (PFIs) through the signing of a Memorandum of Understanding (MoU) at the Victoria Hall, Lagos Continental Hotel, Victoria Island.

The ceremony, attended by top executives from the financial services sector, development partners, and key stakeholders, marks a significant milestone in Nigeria’s journey toward inclusive economic growth and unlocking access to finance.

Through this partnership, NCGC will provide credit guarantee solutions that de-risk lending to youth and women-led enterprises, while also supporting Micro, Small, and Medium Enterprises (MSMEs), local manufacturers, and underserved credit consumers. By reducing barriers to finance, PFIs are better positioned to extend credit to underserved businesses and households, while NCGC absorbs a share of the risk.

Speaking at the event, Mr. Bonaventure Okhaimo, Managing Director/CEO of NCGC, emphasized that the initiative is not just about signing documents it is about forging a bold partnership that will reshape how credit is accessed in Nigeria. He noted that MSMEs, which contribute nearly half of Nigeria’s GDP, have long faced barriers to affordable financing due to perceived risks. NCGC was established to bridge this gap through innovative guarantee products, including:

  • Individual Guarantees for term loans (up to 5 years) and working capital (up to 24 months), ranging from ₦50 million to ₦10 billion
  • Portfolio Guarantees with single obligor limits of ₦50 million and portfolio caps of ₦5 billion
  • Partial Credit Guarantees covering up to 60% of loan value
  • Co-Guarantees and Technical Assistance to support PFIs

Drawing inspiration from successful global models in India, South Korea, and the UK, NCGC is poised to catalyze inclusive growth and financial stability in Nigeria. The pilot phase will focus on high-impact sectors such as agriculture, fashion, green energy, export-oriented businesses, and education.

Ms. Tinuola Aigwedo, Executive Director of Strategy and Operations, in her interview with the press men, emphasized the transformative potential of the initiative:

“This partnership is not just about financial inclusion it’s about economic empowerment. By unlocking access to credit for youth and women entrepreneurs, we’re laying the foundation for a more resilient and equitable economy.”

She reiterated that the onboarding of PFIs is a major milestone in fulfilling NCGC’s mandate, aligning directly with the Renewed Hope Agenda of President Bola Ahmed Tinubu, GCFR, which prioritizes youth empowerment, women’s economic inclusion, and support for local enterprises.

In his closing remarks, Professor Oseni, Executive Director of Risk & Credit Control, extended heartfelt appreciation to all PFIs present. He stated:

“We all need one another for the economy to grow. This partnership is the beginning of an exciting journey one that will bring finance to underserved communities and unlock the full potential of Nigeria’s entrepreneurial spirit.”

As part of this pilot phase, NCGC is committing ₦5 billion in credit guarantees to each onboarded Participating Financial Institution, specifically targeting women-owned and youth-led MSMEs. This bold investment is expected to stimulate job creation, strengthen value chains, and improve key financial metrics like credit-to-GDP ratio.

This MoU represents more than a legal agreement it’s a collective pledge to build a more inclusive and resilient financial ecosystem for Nigeria.

For media inquiries, please contact:

Corporate Communications Department

National Credit Guarantee Company (NCGC)

📧 [email protected] | 📞 0903 797 9326

 

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Stakeholders Engagement: Obasa Reels Out Renewed Hope Initiative Achievements

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  • “Renewed hope is not merely a slogan, but a call to action and a vision in progress,” – Obasa

 

Two years into President Bola Ahmed Tinubu administration’s Renewed Hope Agenda, Nigeria, according to Rt. Hon. Mudashiru Obasa, Speaker of the Lagos State House of Assembly, has witnessed an inspiring transformation – a rejuvenation of the economy, a renewal of the national spirit, and a reinvention of the Nigerian state.

Speaking at the 10th Constituency Stakeholders Engagement held inside the Agege Local Government Area secretariat hall on Thursday, Obasa disclosed that this year’s theme, ‘Governance in Action: The Gains of the Renewed Hope Agenda,’ was carefully chosen to highlight the tangible benefits of governance, particularly in alignment with the Renewed Hope Initiative of President Tinubu.

He stated, “This unique programme, which is holding across all the 40 constituencies in the state, gives us a viable opportunity to render an account of our stewardship as well as engage, interact, and strengthen our mutual relationship and solidarity, and to collectively address pressing matters affecting the growth, progress and development of our great community.”

According to Speaker Obasa, “Under the Renewed Hope agenda, the administration has aggressively tackled the challenges of economic stagnation and instability. Strategic economic reforms, including a re-engineering of fiscal policies and revenue-generating mechanisms, have boosted investor confidence and diversified our economy. These reforms have led to an improved credit rating and have laid a strong foundation for economic prosperity and sustainable development,” he said.

Recognising that robust infrastructure is the backbone of development, Speaker Obasa disclosed that the Tinubu administration has launched transformative projects nationwide, including new road networks, upgraded ports, and state-of-the-art public facilities, which he said are not only enhancing the quality of life but also reinforcing Nigeria’s position as a hub for commerce and innovation.

Further, Speaker Obasa said that because agriculture remains central to Nigeria’s quest for food security and self-sufficiency, “The Renewed Hope Agenda has driven significant investments into mechanised farming and modern agricultural practices. Improved access to financing and expanded markets have empowered our farmers, increased production, and positioned Nigeria as a potential agricultural powerhouse.”

He also highlighted the Tinubu administration’s investment in human capital, especially the students’ loan initiative under the Nigerian Education Loan Fund (NELFUND), describing it as a landmark policy that has brought renewed hope to our youths. “Campuses are now more peaceful, infrastructure is improving, and there’s a measure of stability in the academic environment across the federation. Education is once again becoming the tool for empowerment and national development,” he added.

Thus, Obasa opined, “The Renewed Hope Agenda is not by chance; it is a deliberate blueprint for national recovery and sustainability. It is designed to lift millions out of poverty by unlocking economic opportunities for all Nigerians — young and old – men and women, in both urban and rural areas.”

The Speaker drew a parallel between what is happening at the centre and in Lagos State, saying, “In consonance with the national drive for progress, Governor Babajide Olusola Sanwo-Olu has been a pivotal partner in the realisation of this shared vision. His tenure is characterised by innovative urban renewal projects, efficient public service delivery, and legislative collaboration for sustainable growth.

“Lagos, as the commercial nerve centre of Nigeria, has seen groundbreaking infrastructural developments. Modern transport systems, sustainable housing projects, and pioneering urban planning initiatives have transformed our cityscape, making Lagos not only a city of opportunities but a beacon of modern urbanism.”

He added that the proactive engagement between the Executive arm and the House of Assembly has led to the passage of progressive laws that support social welfare, environmental sustainability, and infrastructural innovation. “This strong legislative backing has been instrumental in creating an enabling environment for private investments and public-private partnerships,” Obasa added.

As he reeled out a long list of federal and state government achievements, and those he singlehandedly facilitated in his Agege Constituency, Speaker Obasa was intermittently interrupted by excited constituents belting out popular and political songs, underscoring in no small measure, their appreciation for the man who had dedicated the past 24years of his life to serving them as a legislator.

In his welcome address, Hon. Abdul Ganiyu Vinod Obasa, the acting executive chairman of Agege LGA, was filled with praises for President Tinubu’s steadfast commitment to restoring Nigeria to the path of economic stability and prosperity through the Renewed Hope Agenda. He promised to emulate the president in ensuring that the dividends of democracy reach every member of his community.
The event was attended by constituents, party leaders, traditional rulers, religious leaders, and members of various trade associations, among others.

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JUST IN: President Tinubu Departs For 10-Day Working Vacation In France, UK

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President Bola Tinubu has left Abuja to begin a 10-working-day “working vacation” in Europe as part of his 2025 annual leave, the Presidency announced on Thursday.

In a statement by Bayo Onanuga, Special Adviser on Information and Strategy, the president’s itinerary includes trips to France and the United Kingdom, after which he is expected to return to Nigeria .

The statement did not clarify whether Tinubu will transmit a formal leave notice to the National Assembly under Section 145(1) of the 1999 Constitution (as amended), which allows the Vice President to act in his stead. Notably, both chambers are currently on recess .

This marks another foreign excursion shortly after a diplomatic mission to Japan and Brazil in late August, where Tinubu pursued trade, aviation, and security agreements during meetings in Japan and with President Luiz Inácio Lula da Silva in Brazil .

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