Buhari to earn N14.4m annual salary + See what others will earn

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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.

Read the rest on Vanguard‎