The Ministry of Petroleum Resources‘ salaries and pensions for employees and four other parastatals are set at N74.65 billion in 2020. This is in line with the budget estimates submitted by President Muhammadu Buhari to the National Assembly.
The amount proposed in the Ministry of Petroleum as wages and other emoluments for workers in the new budget is higher than the N43.957 billion budgeted in the Ministry of Foreign Affairs as wages for workers. It is also higher than the N32.18 billion, N4.661 billion, N4.248 billion and N12.09 billion budgeted for presidential workers, the Ministry of Power, the Ministry of Justice and the Ministry of Works and Housing.
The beneficiaries of this largesse include staff from the Ministry of Petroleum Resources, while the four parastatals listed are the Petroleum Resources Department (DPR), the Petroleum Training Institute (PTI), the Petroleum Products Pricing Regulatory Agency (PPPRA) and the Nigeria Nuclear Regulatory Authority (NNRA).
In addition to the Petroleum Equalization Fund (PEF), the staff of the Nigerian National Petroleum Corporation and its subsidiaries were not included in the budget.