Bayelsa House of Assembly members to get pension for life

Bayelsa House of Assembly members to get pension for life

- The Bayelsa state Assembly approved payment of N500,000 for life for speakers

- Deputy speakers and other members are also supposed to receive a similar package

- The bill was sponsored by the leader of the House, Peter Akpe

The Bayelsa state House of Assembly has approved a monthly pension payment for speakers, deputy speakers and other members for life.

The Nation reports that the bill was sponsored by the leader of the House, Peter Akpe and it was passed on the floor of the House on Wednesday, April 24.

The House approved N500,000 post service monthly pension to the speakers of the Assembly while deputy speakers are to earn N200,000 for life.

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The 24 other members of the House will also earn N100,000 for life.

The bill specifically provided that “former lawmakers including persons of Bayelsa origin, who served in the old Rivers state, would enjoy life pensions for their services in the state as applicable to former presidents, vice-presidents, governors and deputy governors across the country.”

To qualify for the speakership pension of N500,000 monthly, the lawmaker must have served for two years and above.

Meanwhile, a report by the Premium Times has revealed the Economic Confidential said the federal government, 36 states and the 774 local government councils in Nigeria shared a total sum of N8 trillion from the federation account in 2018 in spite of the shut-ins in several oil installations during the period.

The allocations were made after the monthly meetings of the Federation Account Allocation Committee (FAAC) in 2018.

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Source: Legit

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