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Author Topic: Buhari to earn N14.4m annual salary + See what others will earn too  (Read 220 times)

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Offline JEFFREY96

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According to a report by Vanguard, this is
what President Buhari, VP Osinbajo and
other top govt officials will earn. Isn't it too
small though? Read full report from
Vanguard below...
The Revenue Mobilisation Allocation and
Fiscal Commission, RMAFC, has reviewed the
salaries of the President, Vice President,
Senate President and Speaker of the House
of Representatives and Speakers in the 36
states of the federation, as well as well
other legislators in both the National and
State Assemblies among other public
officers in the country. Based on the total
package prepared by the RMAFC, President
Muhammadu Buhari ‘s annual salary and
allowances stand at N14, 4 million.
The break down shows that his Basic Salary
is N 3,514,705 and Hardship allowance,
N1,757,350:50. Constituency N
8,786,762:50 and Leave Allowance – N351,
470.
Buhari will receive a 400 per cent increase
in his salary amounting N14. 058 million, as
gratuity upon a successful completion of his
tenure.
The Federal Government is to provide him
with all his needs including vehicles, Special
Assistants, Personal Assistants,
entertainment, security, utility
bills,newspapers, medical bills and clothings.
The president’s estacode and Duty Tour
allowance were not specified.
However, the Vice President Osinbajo is to
receive an annual Basic Salary of N2,064,
400; Hardship allowance- N1, 515, 786.25
and a Constituency Allowance of N7, 578,
931.25, bringing his total annual earning to
N12.1million.
About 75 per cent of his annual basic salary
would be paid for vehicles and their
maintenance if he chooses to buy his
vehicles and maintain them.
He is to receive another 25 per cent to hire
his Personal Assistants; 75 per cent for
domestic staff; 45 per cent for
entertainment and 30 per cent for utility.
The VP is to receive a separate 20 per cent
of his salary for monitoring; 200 per cent
for accommodation and 300 per cent for
furniture.
His duty Tour Allowance stands at N 35, 000
per night and an estacode of $900 per
night.
He is to receive 10 per cent of his salary as
Leave Allowance and 300 per cent as
gratuity upon a successful completion of his
tenure.
National Assembly
Also, following a downward review of
salaries and allowances of both the National
and State Assembly legislators, the Senate
President will receive a basic annual salary
of N2, 484, 242.50 and allowance of N6. 2
million, bringing the total to N8. 69Million.
His monthly salary is about N724, 570. In
addition, he collects 250 per cent of his
Annual Salary as Constituency Allowance.
However, his vehicles and their
maintenance are provided by the federal
government. Similarly, his domestic staff,
entertainment, utilities, security
responsibility, Legislative Aids, House
Maintenance an, as well as a Special
Adviser
and a Personal Assistant are provided by
the federal government.
Similarly Robe (clothing) and newspapers
are provided for the Senate President.
The Deputy Senate President enjoys the
same benefits except that his Annual Basic
Salary stands at N 2,309,166.75, total
allowance N 5,772,916.8, bringing total
annual salary to 8,082,083.63 and a
monthly pay of N 673,506.97
The Senate Majority Leader receives a salary
of N12, 968, 960.
The Minority leader receives a total annual
salary of N12, 908, 168. The Whip receives
N12, 867 . The same applies to Committee
Chairmen. Incidentally in the last
administration almost all senators were
chairmen of various committees.
The allowances received by the members of
the upper legislative chamber is far more
than their salaries indicate.
For instance, each senator receives 75 per
cent of the annual salary as allowance for a
vehicle and its maintenance.
They collect another 75 per cent of their
salaries for domestic staff; 30 per cent for
entertainment; 30 per cent for utilities; 25
per cent for robe (clothing); and 250 per
cent as constituency allowance.
Others include, another allowance
unspecified which stands at 53 per cent;
newspapers 15 per cent; Personal
Assistance, 24 per cent; and House
maintenance 5 per cent.
House of Reps
At the House of Representatives, the
Speaker receives a total annual salary of N
4,334,942.50.
Just like the Senate President, the federal
government provides his vehicles and their
maintenance .
His domestic staff, entertainment, utilities,
security responsibility, Legislative Aids,
House Maintenance an, as well as a Special
Adviser and a Personal Assistant are
provided by the federal government.
Similarly Robe (clothing) and newspapers
are provided for the Speaker by the Federal
Government.
He receives 75 per cent of his salary as
constituency allowance.
The Deputy speaker whose annual salary
stands at 4,002,309.94 enjoys similar
benefits as the speaker.
The Majority Leader of the House, the
Minority Leader, the Chief Whip and
Chairmen of Committees receive annual
salaries of N 6, 352,680.00.
In addition, they receive 50 per cent of their
salaries as Vehicle and Maintenance
allowance; another 50 per cent for domestic
staff; 10 per cent for utilities and another
10 per cent for House maintenance.
House of Assembly
Speakers of the State Houses of Assembly
enjoy all the benefits as their federal
counterpart where virtually all they need
are provided with public funds. However,
their annual salaries stand at N 2,049,843.75
and a Constituency Allowance of N25 per
cent of their Annual Salaries.
Deputy Speaker receives N 1,807,478.13
and 25 per cent of same as constituency
allowance.
Members at the House of Assemblies receive
annual salaries of N 2,473,866.25.
In addition, they receive 20 per cent for
vehicles; 25 per cent for domestic staff, 10
per cent for utilities; 25 per cent each for
robe, constituency , Personal Assistant and 5
per cent for newspapers.
The decision to review the current salaries
and allowances of the nations’ public office
holders received approval of many
members of the public who had complained
that the Nigerian law makers were about
the highest paid in the world. These are the
official earnings of these political office
holders. But their spoils of office amount to
several millions and even billions of naira in
recent past.
   
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