Saturday, 13 June 2015

What President Buhari, VP Osinbajo will earn

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 , N 1,757,350:50. Constituency N 8,786,762:50 and Leave Allowance – N351, 470.

OFFICIAL PORTRAITS OF BUHARI, OSINBAJO
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 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.

Bukola Saraki
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.
In addition, the Leader receives 10 per cent for Responsibility; Minority Leader .
-Vanguard

No comments:

Post a Comment