FINDINGS by The ICIR, from available data, have shown that it might cost taxpayers over N29.91 million monthly to pay the basic salaries of the 46 newly appointed ministers.

The appointment of ministerial portfolios is coming barely two weeks after President Bola Tinubu submitted 48 names as nominees to the Senate for screening.

Based on the remuneration approved by the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), each minster should earn N650,136.65 monthly, translating to N7.8 million annually.

Going by this, if no review has been made, the Federal government would pay N358.9 million annually to offset the ministers’ remuneration. This amount, however, excludes other allowances and benefits for each minister appointed.

According to the commission’s data, each minister is also entitled to other allowances like accommodations, furniture estacodes, medical, severance gratuity, leave and motor vehicle loans which are paid based on application.

Also, as reviewed by the former president, Muhammdu Buhari, a minister is entitled to receive a duty tour allowance (travelling allowance) based on grade level.


By this approval, each minister is entitled to N80,000 per diem (daily) on each official travel.

In 2021, the Federal Inland Revenue Service said that Nigeria now has 41 million taxpayers.

Arithmetically, this means it would cost each taxpayer approximately N9 annually to pay the salaries of 46 ministers.

With the recent appointments, if all ministers resume office by September, the federal government would pay N119.6 million between September and December 2023, costing each taxpayer N3. This is excludes allowances.

Before leaving officer, Buhari allocated N2.9 trillion as payment of salaries and wages in the 2023 fiscal budget; which covers the expenditure on government personnel including ministers. However, while the former president ran a ministerial cabinet of 43 people, there has been pressure mounted by groups on the president to reduce the cost of governance.

Recently, the National Labour Congress, while protesting the removal of fuel subsidy, requested that the federal government cut down expenses on governance and increase the minimum wage.



READ MORE HERE: https://www.icirnigeria.org/tinubu-may-pay-over-n30-million-monthly-to-offset-ministers-salaries/

It's always about them

That’s what 1 senator should be earning
600k is not too much for a minister everything is not all about hate. Some club managers earn close to 400k monthly the issue is embezzlement when funds are being giving to them to execute contracts lastly FG should review national minimum to at least 150-200k .