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Weeping Yet? 1,638 Years = Amount Of Period To Earn Annual Salary Of Senators! - Politics - Nairaland

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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.” shocked shocked shocked

Source: The Economis

And now do you still wonder why they jump fences? grin

But seriously, guys people dey play with our future o cry

Take tissue kiss

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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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