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Fashola, Amaechi Others To Earn N485m Yearly - Politics - Nairaland

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Fashola, Amaechi Others To Earn N485m Yearly by PosterBoi(m): 7:40am On Nov 15, 2015
Each of the 37 ministers sworn in by President Muhammadu Buhari on Wednesday will receive current remuneration packages approved by the Revenue Mobilisation, Allocation and Fiscal Commission, SUNDAY PUNCH has learnt.





The current remuneration of public office holders is guided by the Remuneration Act of 2007.
RMAFC had in June set in motion the process for the downward review of the existing salaries and allowances of political, public and judicial office holders when it inaugurated a committee chaired by Chairman of Remuneration Committee, Mr. Abdullahi Inde.

A review became imperative following dwindling government revenues occasioned by falling prices in the international oil market.

New packages prepared by a committee headed by Inde, had been ratified at a retreat held for commissioners of the agency, which was concluded recently in Owerri.

The recommendations of the committee concentrated on the allowances of political and judicial office holders as the salary packages will not depart significantly from the status quo.

However, after the preparation of the new packages by RMAFC, it still has to be presented to the Federal Executive Council which has the responsibility to present it to the National Assembly as a bill for enactment as an Act of Parliament.

Chairman of RMAFC, Mr. Elias Mbam, told our correspondent on Saturday that the new packages would soon be made public. He said the work was “going through a process of editing.”

Presidency sources told our correspondent that the new ministers would be paid in accordance with the existing statute because the reviewed package was not ready.

According to the current package, the Minister of Power, Works and Housing, Mr. Babatunde Fashola; Minister of Transport, Mr. Rotimi Amaechi; Minister of Information and Culture, Mr. Lai Mohammed and other senior ministers will get N4,052,800 as housing allowance. The annual housing allowance is 200 per cent of a minister’s annual remuneration.

Each of the ministers is also entitled to N6, 079,200 as furniture allowance. The furniture allowance is 300 per cent of a minister’s annual salary. Unlike the housing allowance, however, the furniture allowance is paid once in four years. This means the furniture allowance per annum is N1,519,800.

Should any of the ministers desire, they are also entitled to N8,105,600 as motor vehicle allowance. The motor vehicle allowance is, however, a loan repayable by the end of the tenure of the minister.

The annual basic salary of a substantive minister is N2,026,400. On monthly basis, this amounts to N168,866:66.

Apart from the monthly basic salary, there are other perks that each minister will receive at the end of each month. These include motor vehicle fuelling and maintenance allowance of N1, 519,800 (annual value) with a monthly value of N126,650. The vehicle maintenance allowance is 75 per cent of the annual basic salary.

The personal assistant allowance of N506,600 per annum is also payable. This has a monthly value of N42,216.66. This allowance is calculated as 25 per cent of the basic salary.

Each of the senior ministers is entitled to a payment of N1,519,800 for domestic staff. This is 75 per cent of the annual basic salary and on monthly basis amounts to N126, 650.

For entertainment, each of the ministers is entitled to N911,880 annually or N75,990 per month. This is 45 per cent of the annual basic salary.

For utilities, each of the ministers is entitled to 30 per cent of their annual salary which translates to N607,920 per annum or N50,660 a month.

For monitoring, each of the ministers is entitled to 20 per cent of their annual basic salary. This translates to N405,280 per annum or N33,773.33 per month.

For newspapers/periodicals, each of the senior ministers will get 15 per cent of the annual basic salary. This translates to N303,960 per annum or N25,330 per month.

Allowances for their security personnel, medicals and special assistants are also provided. The tour duty allowance is N35,000 per night; the estacode is $900 per night and the leave allowance is 10 per cent of their annual salary or N202,640.

The summation of these annual allowances is N13,374, 240 for each minister excluding the optional vehicle allowance. Yearly, the Federal Government is expected to pay the 24 senior ministers no less than N320,981,760.

Each of the ministers of state, on the other hand, is entitled to N3, 915,160 as housing allowance and N5,872,740 as furniture allowance. Should any of the ministers desire, they are also entitled to N7, 830,320 as motor vehicle allowance, which is a loan repayable by the end of the tenure of the minister.

The annual basic salary of a substantive minister of state is N2,026,400. On monthly basis, this amounts to N168,866:66.

Like their senior counterparts, the state ministers are also entitled to other perks. These include motor vehicle fuelling and maintenance allowance of N1, 468,185 (annual value) with a monthly value of N122,348.

The personal assistant allowance of N489,395 per annum is also payable. This has a monthly value of N40,782.91. This allowance is 25 per cent of the basic salary.

Each of the state ministers is entitled to a payment of N1,468,185 for domestic staff. This is 75 per cent of the annual basic salary and on monthly basis amounts to N122,348.75.

For entertainment, each of the state ministers is entitled to N880,911 annually or N73,409.25 per month. This is 45 per cent of the annual basic salary.

For utilities, each of the ministers is entitled to 30 per cent of their annual salary which translates to N587,274 per annum or N48, 939.50 a month.

For newspapers/periodicals, each of the state ministers will get 15 per cent of the annual basic salary. This translates to N293,637 per annum or N24, 469.75 per month.

Like their senior counterparts, the security personnel, medicals and special assistants are also provided for the state ministers. The tour duty allowance is N30,000 per night; the estacode is $900 per night and the leave allowance is 10 per cent of their annual salary or N195,758.

The summation of these annual allowances for the junior ministers is N12,597,332 for each minister

http://punchng.com/fashola-amaechi-others-to-earn-n485m-yearly/

3 Likes 1 Share

Re: Fashola, Amaechi Others To Earn N485m Yearly by IbokUtoroh(m): 7:50am On Nov 15, 2015
money no dey dis ministerial chomching sef oooo,, so all these hype na lubbish. To be hustler and street boy pay pass dis thing o.

45 Likes 1 Share

Re: Fashola, Amaechi Others To Earn N485m Yearly by Nobody: 7:51am On Nov 15, 2015
Make una vote for me ooo. Come 2019

6 Likes 3 Shares

Re: Fashola, Amaechi Others To Earn N485m Yearly by bewla(m): 7:52am On Nov 15, 2015
safe me the speech and tell me the final figure

4 Likes 1 Share

Re: Fashola, Amaechi Others To Earn N485m Yearly by sandraokosun1: 8:03am On Nov 15, 2015
IbokUtoroh:
money no dey dis ministerial chomching sef oooo,, so all these hype na lubbish.
To be hustler and street boy pay pass dis thing o.
street niga, i see the gang.

3 Likes

Re: Fashola, Amaechi Others To Earn N485m Yearly by luvinhubby(m): 8:04am On Nov 15, 2015
No light, dry taps, long queues of vehicles on filling stations buying fuel at over 100 naira per liter & Buhari's ministers are going to pocket N485 million each annually when their principal is saying Nigeria is broke.

Buhariiiiii ooooo !!!

153 Likes 13 Shares

Re: Fashola, Amaechi Others To Earn N485m Yearly by wachakuta(m): 8:06am On Nov 15, 2015
Wait for d reviewed package

4 Likes

Re: Fashola, Amaechi Others To Earn N485m Yearly by IbokUtoroh(m): 8:11am On Nov 15, 2015
sandraokosun1:
street niga, i see the gang.
helloooooooooooo, u say what?
Re: Fashola, Amaechi Others To Earn N485m Yearly by omowolewa: 8:11am On Nov 15, 2015
Its their time, let them enjoy it.

1 Like 1 Share

Re: Fashola, Amaechi Others To Earn N485m Yearly by Ahmed0336(m): 8:59am On Nov 15, 2015
bewla:
safe me the speech and tell me the final figure
You spoke my mind

6 Likes

Re: Fashola, Amaechi Others To Earn N485m Yearly by drss(m): 9:17am On Nov 15, 2015
yet one dullard said nigeria is borke.

56 Likes 3 Shares

Re: Fashola, Amaechi Others To Earn N485m Yearly by Pavore9: 9:30am On Nov 15, 2015
Waiting for the downward reviewed package.

5 Likes 1 Share

Re: Fashola, Amaechi Others To Earn N485m Yearly by PRYCE(m): 10:00am On Nov 15, 2015
And Buhari has the guts to run his Thrush infested tongue to say he's fighting to curb wastage?

65 Likes 4 Shares

Re: Fashola, Amaechi Others To Earn N485m Yearly by 4Kemzy(m): 10:00am On Nov 15, 2015
All nah wash! The 'Nkoro' choppings for one minister pass sum.

6 Likes 1 Share

Re: Fashola, Amaechi Others To Earn N485m Yearly by damton(m): 10:11am On Nov 15, 2015
Hmmm.

1 Like 1 Share

Re: Fashola, Amaechi Others To Earn N485m Yearly by Mogidi: 10:12am On Nov 15, 2015
The N485m is the one on paper, Fashola the super minister would be building trillion naira websites, but he won't sign the cheques.

99 Likes 9 Shares

Re: Fashola, Amaechi Others To Earn N485m Yearly by makzeze: 10:12am On Nov 15, 2015
To me this pay is a peanut. I earn salary and allowance almost close to that of a state minister in my workplace.

18 Likes

Re: Fashola, Amaechi Others To Earn N485m Yearly by sltn(m): 10:12am On Nov 15, 2015
hmm
Re: Fashola, Amaechi Others To Earn N485m Yearly by anonimi: 10:13am On Nov 15, 2015
CORRUPTION is when real workers are paid N18,000 minimum wage while political office holders are paid mega millions.

Sai Bubu where is the CHANGE




www.nairaland.com/attachments/2943664_wage_jpeg1488711c5349aed5f79f2e121e58b278




www.nairaland.com/attachments/2528508_political20catoon_jpeg388939f5abe0d6aa488640afd36eb164

45 Likes 6 Shares

Re: Fashola, Amaechi Others To Earn N485m Yearly by teeboila(m): 10:13am On Nov 15, 2015
hw can such amount be justified when the common man on the street is hungry, frustrated and angry yet the big men keep looting our commonwealth all in the name of salary, allowances and benefits.
Re: Fashola, Amaechi Others To Earn N485m Yearly by TopeQs: 10:13am On Nov 15, 2015
just put the figure..........

NIGERIA NIGERIA NIGERIA, some people will be collecting furniture allowance as if dem no get well furnished house, fashola has range rover yet he will still collect 'motor vehicle' allowance,

this is the reason why our politics will still be a do or die affair.........



they are obviously going to serve their pocket not their nation undecided


SMH, the future is bleak for the leaders of tomorrow......that's if they ever let the leaders of tomorrow to lead this nation......... ....

32 Likes 2 Shares

Re: Fashola, Amaechi Others To Earn N485m Yearly by ogawisdom(m): 10:13am On Nov 15, 2015
angry to be a minister is an honour, why shld they earn this much

12 Likes 2 Shares

Re: Fashola, Amaechi Others To Earn N485m Yearly by lilmax(m): 10:13am On Nov 15, 2015
It haf happen
Re: Fashola, Amaechi Others To Earn N485m Yearly by Nobody: 10:13am On Nov 15, 2015
what is the precedence, let's compare

1 Like

Re: Fashola, Amaechi Others To Earn N485m Yearly by kennyman2000(m): 10:13am On Nov 15, 2015
Hmmmmmmm
Re: Fashola, Amaechi Others To Earn N485m Yearly by Firefire(m): 10:13am On Nov 15, 2015
One Chance government

13 Likes 2 Shares

Re: Fashola, Amaechi Others To Earn N485m Yearly by tunapawizzy: 10:14am On Nov 15, 2015
Not bad
Re: Fashola, Amaechi Others To Earn N485m Yearly by buskie13(m): 10:14am On Nov 15, 2015
after all de thievery in state level...they still earn approximately 40million a month...crazy govt..

Buhari is a senseless individual... DuIIardinho

26 Likes 3 Shares

Re: Fashola, Amaechi Others To Earn N485m Yearly by laurel03(m): 10:14am On Nov 15, 2015
No be salary 9ja politician dey eat... Salary mean nothing to them when compare to what they will steal....

2 Likes 1 Share

Re: Fashola, Amaechi Others To Earn N485m Yearly by Nobody: 10:14am On Nov 15, 2015
And how much is their monthly corruption pay?

Rubbish!
Re: Fashola, Amaechi Others To Earn N485m Yearly by Nobody: 10:14am On Nov 15, 2015
Na so

4 Likes 2 Shares

Re: Fashola, Amaechi Others To Earn N485m Yearly by hakeem4(m): 10:14am On Nov 15, 2015
I want to be a minister

At least minister of NIAIRALAND

4 Likes

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