Allowances Of New Ministers Revealed


Nigeria’s new ministers sworn in by President Muhammadu Buhari on Wednesday, November 11, will be
paid N487m as yearly remuneration.
President Mohammadu Buhari and new ministers.
The Punch reports that the current remuneration packages approved by the Revenue Mobilisation,
Allocation and Fiscal Commission (RMAFC), is guided by the Remuneration Act of 2007.
In June 2015, the RMAFC set in motion the process for the downward review of the existing salaries and
allowances of political, public and judicial office holders. The review became imperative following
dwindling government revenues caused by falling prices in the international oil market.
New packages prepared by the committee have been recently ratified at a retreat held for commissioners
of the agency.
However, the new packages are still have 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.

Speaking with journalists on Saturday, November 14, Elias Mbam, the chairman of RMAFC, noted that the
new packages would soon be made public, adding that the work was “going through a process of
editing.”
Meanwhile, presidency sources revealed that the new ministers will be paid in accordance with the
existing statute because the reviewed package was not yet ready.
According to the current package, Babatunde Fashola, the minister of power, works and housing, Rotimi
Amaechi, the minister of transport, Lai Mohammed, the minister of information and culture, and other
senior ministers will get N4,052,800 as housing allowance.
Each of the ministers is also entitled to N6, 079,200 as furniture allowance, which is paid once in four
years.
If any of the ministers desires, he or she is also entitled to N8,105,600 as motor vehicle allowance.
However, the motor vehicle allowance is a loan repayable by the end of the tenure of the minister.
The annual basic salary of a substantive minister is N2,026,400 (N168,866:66 per month).
At the end of each month, each minister will receive a motor vehicle fuelling and maintenance allowance
of N1, 519,800 (annual value).

Each of the senior ministers is entitled to a payment of N1,519,800 for domestic staff, N911,880 annually
– for entertainment, N607,920 – for utilities, N405,280 – for monitoring, N303,960 – for periodicals.
The summation of these annual allowances is N13,374, 240 for each minister excluding the optional
vehicle allowance.
Meanwhile, each of the ministers of state is entitled to N3, 915,160 as housing allowance and N5,872,740
as furniture allowance.
Like their senior counterparts, the state ministers are also entitled to a vehicle fuelling and maintenance
allowance of N1, 468,185 (annual value).
Each of the state ministers is entitled to N880,911 annually for entertainment, N587,274 – for utilities,
N293,637 – for newspapers.
The federal government is expected to pay the 13 junior ministers no less than N163,765,316 yearly.

Source b4 I comment.

Still waiting for my 5k they promised

Hmmmmm na wa oooo people are packing the said empty treasury while thise that are suffering are suffering...... God will see us through

ok

Does this apply to church Ministers

Amebo

But the little CHANGE (5,000) dem promise us is not even visible......God is soaking your cane inside Kerosene

HMMMMMMMMMMMMMM. na so PMB TALK ?

omirb:

Allowances Of New Ministers Revealed


Nigeria’s new ministers sworn in by President Muhammadu Buhari on Wednesday, November 11, will be
paid N487m as yearly remuneration.
President Mohammadu Buhari and new ministers.
The Punch reports that the current remuneration packages approved by the Revenue Mobilisation,
Allocation and Fiscal Commission (RMAFC), is guided by the Remuneration Act of 2007.
In June 2015, the RMAFC set in motion the process for the downward review of the existing salaries and
allowances of political, public and judicial office holders. The review became imperative following
dwindling government revenues caused by falling prices in the international oil market.
New packages prepared by the committee have been recently ratified at a retreat held for commissioners
of the agency.
However, the new packages are still have 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.

Speaking with journalists on Saturday, November 14, Elias Mbam, the chairman of RMAFC, noted that the
new packages would soon be made public, adding that the work was “going through a process of
editing.”
Meanwhile, presidency sources revealed that the new ministers will be paid in accordance with the
existing statute because the reviewed package was not yet ready.
According to the current package, Babatunde Fashola, the minister of power, works and housing, Rotimi
Amaechi, the minister of transport, Lai Mohammed, the minister of information and culture, and other
senior ministers will get N4,052,800 as housing allowance.
Each of the ministers is also entitled to N6, 079,200 as furniture allowance, which is paid once in four
years.
If any of the ministers desires, he or she is also entitled to N8,105,600 as motor vehicle allowance.
However, the motor vehicle allowance is a loan repayable by the end of the tenure of the minister.
The annual basic salary of a substantive minister is N2,026,400 (N168,866:66 per month).
At the end of each month, each minister will receive a motor vehicle fuelling and maintenance allowance
of N1, 519,800 (annual value).

Each of the senior ministers is entitled to a payment of N1,519,800 for domestic staff, N911,880 annually
– for entertainment, N607,920 – for utilities, N405,280 – for monitoring, N303,960 – for periodicals.
The summation of these annual allowances is N13,374, 240 for each minister excluding the optional
vehicle allowance.
Meanwhile, each of the ministers of state is entitled to N3, 915,160 as housing allowance and N5,872,740
as furniture allowance.
Like their senior counterparts, the state ministers are also entitled to a vehicle fuelling and maintenance
allowance of N1, 468,185 (annual value).
Each of the state ministers is entitled to N880,911 annually for entertainment, N587,274 – for utilities,
N293,637 – for newspapers.
The federal government is expected to pay the 13 junior ministers no less than N163,765,316 yearly.