Our Economy Can't Take Care Of Senators Any Longer - Politics - Nairaland
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| Our Economy Can't Take Care Of Senators Any Longer by tolux247(m): 2:42pm On Nov 25, 2016 |
OUR ECONOMY CAN'T TAKE CARE OF SENATORS ANY LONGER.. Senators' annual Pay World Wide: * Sri Lanka – $5,100.00 * India – $11,200.00 * Malaysia – $25,300.00 * Thailand – $43,800.00 * Spain – $43,900.00 * Ghana – $46,500.00 * Saudi Arabia – $64,000.00 * Indonesia – $65,800.00 * Kenya – $74,500.00 * France – $85,900.00 * Sweden – $99 300.00 * South Africa – $104,000.00 * Britain – $105,400.00 * New Zealand – $112,500.00 * Israel – $114,800.00 * Germany – $119,500.00 * Ireland – $120,400.00 * Hong Kong – $130,700.00 * Japan – $149,700.00 * Canada – $154 000.00 * Singapore – $154,000.00 * Brazil – $157,600.00 * United States – $174,000.00 * Italy – $182,000.00 *Nigeria - $2,183,685.00 The details of the remuneration of an average Nigerian Senator is detailed below Monthly * 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 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 Remember, yearly Salary of Nigerian Senator = N353,756,988.00 (three hundred fifty-three Million, seven hundred and fifty-six thousand, nine hundred and eighty eight Naira. Proportion: N353,756,988.00/N216,000.00 = 1,638 It will take an average Nigerian worker 1,638 years to earn the yearly salary of a Nigerian Senator. Share with friends and groups on facebook, twitter, Instagram and whatsapp till everybody. knows Nigeria's problems. DO WE SCRAP SENATE? - copied |
| Re: Our Economy Can't Take Care Of Senators Any Longer by Luizkid(m): 3:01pm On Nov 25, 2016 |
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