Despite the economic crisis looming over the country, the national assembly has refused to reduce their bumper, bogus self enriching pay. Its a good time for Nigerians to agitate on this issue.
a Nigerian senator earns more in Salary than Barack Obama and David Cameron. Effective from January 1, 2001, the annual salary of the president of the United States was doubled to $400,000 (N60m) per year, including a $50,000 expense allowance making the president the highest paid public servant. The $400,000 includes everything and $350,000 out of it is taxable.
Below is a table of the earnings of some politicians in the US:

Public Officers Earning per year ($) Earning per year Naira (million)

President 400000.00 60.0

V. President 227300.00 34.1

Speaker of the House 223500.00 33.5

Majority Leader (Senate) $193,400 29.1

Minority Leader (Senate) $193,400 29.1

Other Senators 174000.00 26.1

Majority Leader (Representative) $193,400 29.1

Minority Leader (Representative) $193,400 29.1

Cabinet Secretary $193,400 29.1

* Exchange rate is set at $1.00 = N150.00*Please note that US Vice President is also the Senate president.Below is a table showing some of the items in the new (reduced) package for the members of the Nigeria National Assembly:

Items Senator (N) Representative(N)

Basic salary/Regular allowances 11,145,200 9,926,062

Furniture 3,039,600 2,744,454

Motor Vehicle Loan 5,066,000 4,963,031

Duty Tour Allowance per day 23,000 21,000

Severance Gratuity 6,079,200 5,955,637

Estacodes $600 $550

Other allowances expressed as percentages of basic salaries are:
Hardship Allowance @ 50%
Constituency allowance @ 200%
Newspaper allowance @ 50%
Wardrobe allowance @ 25%
Recess Allowance @ 10%
Accommodation @ 200%
Utilities @ 30%
Domestic Staff @ 75%
Entertainment @ 30%
Personal Assistance @ 25%
Vehicle Maintenance Allowance @ 75%
Leave Allowance @10%

Analysis

This analyses translate to the fact that in addition to the regular and legitimate salaries and allowances of N17 million ($113,333) and N14.99 million ($99,933) which senators and reps were collecting yearly and the irregular allowance of estacodes, duty tours etc, they were also collecting N192m ($1.28m) and N140m ($0.93m) respectively in illicit quarterly allocation which is not provided for by RMAFC.

Effectively, a Nigerian senator was taking home at least $1.40m ($1.28m quarterly allocations + $0.113m regular salaries and allowances) as against the $0.174m an American senator takes home hence a Nigeria senator earns at least 8 times as much as an American senator and more than 3 times the American president.

Whereas a Senator in the U.S earns N21, 146,000, the same as a member of the House of Representatives; a UK Member of Parliament earn ã64,766 (N14, 896,180)

In other words, a Federal Legislator in Nigeria is paid more than double what a Member of British Parliament earns per annum.

Senate President David Mark alone takes N250 million quarterly or N83.33 million per month. Senate Deputy President Ike Ekweremadu gets N150 million per quarter or N50 million a month.

Mark and Ekweremadu earns in 4 months, six times what the UK Prime Minister earns in a year. David Cameron goes home with £190,000 per anum (N43, 700,000)

They are part of problem, and yet we hail them and still show them support...

It is only in nigerian you get paid for practically doing nothing, I wonder what they do to deserve the jumbo pay...SMH

Double post

fitzmayowa:
Double post

This is not about grandstanding but to sensitize the populace #theslaverymuststop