Obama’s $400,000 and
the jumbo pay for
Nigeria’s legislators

Published on April 13, 2013 by
·

President Barack Obama’s total
pay last year was $400,000,
which is about $34,000. The pay
package of the world’s most
powerful leader was revealed
Friday as America’s First Couple
revealed their tax filings for
2012.

With President Obama already
pledging a 5 per cent pay cut, the
couple’s income will most likely
head southwards in 2013.

In Naira terms, Obama earns
about N64million yearly from his
work as the President of the
United States of America, a
country three-tenths the size of
the African continent.

The revelation immediately forces
a comparison with the obscenely
jumbo pay Nigeria’s lawmakers
receive.

Nigerian senators currently draw
a scandalous N180 million illegal
allowance each annually, making
them the world’s highest paid
lawmakers.
This excludes their basic salary –
a far lesser figure -and essential
allowances approved by the
Revenue Mobilization, Allocation
and Fiscal Commission.

It also does not include
allowances and estacodes the
senators draw while on
committee work within and
outside the country.
A member of the House of
Representatives also receives
N144 million as allowances.

The principal officers for the two
chambers receive far much more,
with the Senate President said to
be drawing an allowance of
N250 million every quarter,
making the allowances N1billion
yearly.

Here is a full picture of the salary
of the Nigerian senator :

NIGERIAN SENATORS
Basic Salary (BS) = N2,484,245.50

Hardship Allowance: 50% of
Basic Salary = N1,242,122.75

Constituency allowance: 200% of
BS = N4,968,509.00

Furniture Allowance: 300% of BS
= N7,452,736.50

Newspaper allowance: 50% =
N1,242,122.70

Wardrobe allowance: 25% =
N621,061.37

Recess Allowance: 10% =
N248,424.55

Accommodation: 200% =
N4,968,509.00

Utilities: 30% = N828,081.83

Domestic Staff: 35% =
N863,184.12


Entertainment: 30% =
N828,081.83

Personal Assistance: 25% =
N621,061.37

Vehicle Maintenance Allowance:
75% = N1,863,184.12

Leave Allowance : 10% =
N248,424.55

One off payments (Severance
gratuity): 300% = N7,452,736.50

Motor Vehicle Allowance: 400%
of BS = N9,936,982.00

Total per month = N29, 479,
749.00

The issue still remains whether
Nigeria’s lawmakers can justify
this payout in a country ravaged
by poverty, where more than 80
per cent of the people live on less
than a dollar a day.

Does anybody know the total
emoluments for Nigeria’s
ministers and the President?

www.pmnewsnigeria.com/2013/04/13/obamas-400000-and-the-jumbo-pay-for-nigerias-legislators/