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Nairaland Forum / Nairaland / General / Politics / Weeping Yet? 1,638 Years = Amount Of Period To Earn Annual Salary Of Senators! (478 Views)
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Weeping Yet? 1,638 Years = Amount Of Period To Earn Annual Salary Of Senators! by TheUnblinded: 8:17am On Nov 26, 2014 |
Break down of annual salaries of a Nigerian Senator : Basic Salary (B.S) – N2,484 245.50 Hardship Allowance (50 per cent of B.S) – N1,242 122.70 Constituency Allowance (200 per cent of B.S) – N4,968 509.00 Newspapers Allowance (50 per cent of B.S) – N1, 242 122.70 Wardrobe Allowance (25 per cent of B.S) – N621, 061.37 Recess Allowance (10 per cent of B.S) – N248, 424.55 Accommodation (200 per cent of B.S) – N4,968 509.00 Utilities (30 per cent of B.S) – N828 081.83 Domestic Staff (70 per cent of B.S) – N1 863,184.12 Entertainment (30 per cent of B.S) – N828,081.83 Personal Assistants (25 per cent of B.S) –N621, 061.12 Vehicle Maintenance Allowance (75 per cent of B.S) – N1, 863 184.12 Leave Allowance (10 per cent of B.S) – N248, 424.55 Severance Gratuity (300 per cent of B.S) –N7, 452 736.50 Car Allowance (400 per cent of B.S) – N 9,936 982.00 TOTAL MONTHLY SALARY = N29 479 749.00, ($181 974.00) TOTAL YEARLY SALARY = N29 479 749.00 x 12 = N353, 756 988.00 ($2, 183 685.00) EXCHANGE RATE: $1 = N162 LEGISLATORS PAY WORLDWIDE PER ANNUM Britain – $105 400.00 United States – $174 000.00 France – $85 900.00 South Africa – $104 000.00 Kenya – $74 500.00 Saudi Arabia – $64 000.00 Brazil – $157 600.00 Ghana – $46 500.00 Indonesia – $65 800.00 Thailand – $43 800.00 India – $11 200.00 Italy – $182 000.00 Bangladesh – $4,000.00 Israel – $114 800.00 Hong Kong – $130 700.00 Japan – $149 700.00 Singapore – $154 000.00 Canada – $154 000.00 New Zealand – $112 500.00 Germany – $119 500.00 Ireland – $120 400.00 Pakistan – $3 500.00 Malaysia – $25 300.00 Sweden – $99 300.00 Sri Lanka – $5 100.00 Spain – $43 900.00 Norway – $138 000.00 In terms of lawmakers’ salaries as a ratio of GDP per capita, the gap is even much wider. While the salary of a Nigerian lawmaker is 116 times the country’s GDP per person, that of a British member of parliament is just 2.7 times. The average salary of Nigerian worker based on the national minimum wage is N18 000.00, so the yearly salary is N18 000.00 x 12 = N216 000.00 ($1 333.00) Remember, Yearly Salary of Nigerian Senator = $2 183 685.00 Proportion: $2 183 685.00/$1 333.00 = 1 638 It will take an average Nigerian worker 1,638 years to earn the yearly salary of a Nigerian Senator.” Source: The Economis And now do you still wonder why they jump fences? But seriously, guys people dey play with our future o Take tissue 1 Like |
Re: Weeping Yet? 1,638 Years = Amount Of Period To Earn Annual Salary Of Senators! by sanmitee(m): 8:21am On Nov 26, 2014 |
Na waoh.... Million of Dollars |
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