Officially, politicians do not earn much
in salaries but the secret allowances they
collect are too much.According to the
Revenue Mobilization Allocation and
Fiscal Commission (RMAFC), the
President of the country, Muhammadu
Buhari, will earn a monthly salary of
N3,514,705.
The role of the RMAFC, empowered by
Part 1 of the Third Schedule of the
Nigerian Constitution, is to outline the
salary earnings appropriate for
individuals who hold political offices.
Buhari is also eligible for a regular
hardship allowance, 50 percent of the
basic salary, N1,757,350.5.
Altogether, President Buhari will take
home N1,171,568.33 every month, and
N14,058,820 yearly for salary.
The government also pays for the
provision of car fuel, personal
assistance, domestic staff, and utilities
for President Buhari.
Upon request the new President has
access to accommodation, Duty Tour
allowances, medical allowances, as
requested.
Vice President Yemi Osinbajo’s monthly
salary is N3,031,572.50. He will receive
N1,010,524.17 monthly, and
N12,126,290.00 annually.
These allowances are either paid
periodically, monthly, etc. The Tour
Allowance depends on the president’s
travel arrangements.
Buhari promised during the campaign
that the salaries of all members of his
cabinet would not exceed what is
outlined by the RMAFC.
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