After reading through this Special Report, any shred of doubt in the reader's mind that Nigeria is doomed and heading for a headlong, downward plummeting will simply dissipate. The details of the
remuneration of an average Nigerian Senator is detailed below:
* Basic Salary (B.S). N2,484,245.50
* Hardship Allowance (50% of B.S) - N1,242,122.70
* Constituency Allowance (200% of B.S) - N4,968,509.00
* Newspapers Allowance (50% of B.S) - N1,242,122.70
* Wardrobe Allowance (25% of B.S) - N621,061.37
* Recess Allowance (10% of B.S) - N248,424.55
* Accommodation (200% of B.S) - N4,968,509.00
* Utilities (30% of B.S) - N828,081.83
* Domestic Staff (70% of B.S) - N1,863,184.12
* Entertainment (30% of B.S) - N828,081.83
* Personal Assistants (25% of B.S) - N621,061.12
* Vehicle Maintenance Allowance (75% of B.S) -
N1,863,184.12
* Leave Allowance (10% of B.S) - N248,424.55
* Severance Gratuity (300% of B.S) - N7,452,736.50
* Car Allowance (400% of B.S) - N9,936,982.00
* 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
NB:
Please will soon comment on the emergence of Buhari as the winner of the just concluded APC presidential primary election and it's significance to our democracy.