₦airaland Forum

A former vice president and presidential aspirant on the platform of the All Progressives Congress, APC, Atiku Abubakar, may be setting a precedent as he plans to earn a token N1 as salary per annum, if he is elected president in the February 2015 election.

This indication emerged on Saturday ahead of the Policy Retreat Review at the Obasanjo Presidential Library, Abeokuta, Ogun State, which begins Monday.
The retreat is part of the campaign strategies of the former vice president, who on September 24, formally declared his intention to seek the APC ticket, come December.
The Nigerian president currently earns a basic salary of N3.5 million annually while the vice president takes N3.03 million.
However, the president is entitled to other benefits/allowances. These are regular allowances such as hardship allowance of N1.7 million; Constituency allowance, N8.7 million; leave allowance of N351,470.50: severance gratuity N10.5 million; and motor vehicle loan N14.1 million.
The other allowances are for accommodation, furniture, utility, vehicle maintenance, entertainment, medical, security allowance, newspaper/periodicals and domestic staff. The costs are not provided by the Commission Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, the body which fixes the emoluments of Nigeria’s political, public and judicial office holders.
Mr. Abubakar, who served for eight years as vice president in the administration of Olusegun Obasanjo between 1999 and 2003, had earned an annual basic salary of N1,938,000, the same as the Senate President and the Chief Justice of Nigeria, before it was reviewed upwards in 2009 by the Revenue Mobilisation Allocation and Fiscal Commission, RMAFC.
At the time, Mr. Obasanjo earned N2,586,000 per annum.

datguru:
What about the loot ?