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Nairaland Forum / Nairaland / General / Politics / A Nigerian Senator Earns N29.4m In A Month (514 Views)
A Senator Earns N12m Yearly - RMAFC / A Nigerian Senator Earns More In Salary Than Barack Obama And David Cameron / What a Senator Earns In Nigeria - Do Or Die Affair N 29 479 749 Per Year (2) (3) (4)
A Nigerian Senator Earns N29.4m In A Month by yugotee: 1:49pm On Apr 19, 2013 |
http://yugotee..com/2013/04/a-nigerian-senator-earns-n294m-in-month.html A report published by news portal thestreetjournal.com, has put the total monthly remuneration package for each of 109 serving senators of the Federal House of Assembly at N29,479,749. The jumbo pay package which if calculated per annum is six times bigger than what is earned by President Barack Obama of the United States, also included are provisions for a N1, 242,122.70 monthly newspapers allowance (which they don’t buy and read) and another N621, 061.37 wardrobe monthly allowance for each of the lawmakers. Below is a breakdown of the total monthly earnings each senator in Nigeria as reported by the news portal. Basic Salary (BS) = N 2,484,245.50 Hardship Allowance: 50% of Basic Salary = N 1,242,122.75 Constituency allowance: 200% of BS = N 4,968,509.00 Furniture Allowance: 300% of BS = N 7,452,736.50 Newspaper allowance: 50% = N 1,242,122.70 Wardrobe allowance: 25% = N 621,061.37 Recess Allowance: 10% = N 248,424.55 Accommodation: 200% = N 4,968,509.00 Utilities: 30% = N 828,081.83 Domestic Staff: 35% = N 863,184.12 Entertainment: 30% = N 828,081.83 Personal Assistance: 25% = N 621,061.37 Vehicle Maintenance Allowance: 75% = N 1,863,184.12 Leave Allowance: 10% = N 248,424.55 One off payments (Severance gratuity): 300% = N 7,452,736.50 Motor Vehicle Allowance: 400% of BS = N 9,936,982.00 Total per month = N29,479,749.00 What a pity! Do you think their input is commensurate to the pay? |
Re: A Nigerian Senator Earns N29.4m In A Month by cantell(m): 1:52pm On Apr 19, 2013 |
Nawa o! Which one be hardship allowance? |
Re: A Nigerian Senator Earns N29.4m In A Month by confusion247(m): 1:52pm On Apr 19, 2013 |
That is good. We should be happy we have one Nigeria. |
Re: A Nigerian Senator Earns N29.4m In A Month by pafra(m): 2:03pm On Apr 19, 2013 |
if this is true i am sorry for this entity call nigeria |
Re: A Nigerian Senator Earns N29.4m In A Month by FunnyPikincom(m): 3:14pm On Apr 19, 2013 |
Re: A Nigerian Senator Earns N29.4m In A Month by bknight: 7:46am On Apr 20, 2013 |
yugotee: http://yugotee..com/2013/04/a-nigerian-senator-earns-n294m-in-month.html Friend, do these senators go on leave every month? Do they buy motor vehicles every month? Do you then see dat adding these to their monthly allowances to magnify how much they take home is mischievous and misleading? As much as some ppl are ready to criticize and lend their voices to a cause of good intent, provide facts without faults to work with. Thank you |
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