Sunday, 18 September 2016

Buhari, Osinbajo, others earn N2.295bn in one year

President Muhammadu Buhari, his
vice, Yemi Osinbjo; ministers and other
political appointees have earned N2.295
billion as official salaries and allowances in
the last one year, Economic Confidential can
report.

The development is coming at a time the
Federal Government kick-started a national
orientation campaign premised on the
“Change begins with me.”
The report obtained by the Economic
Intelligence magazine, showed that the official
remunerations of the President, Vice-President,
cabinet ministers, Secretary to the Government
of the Federation and the Head of Service of
the Federation, among other chief executives,
were in tandem with the approval of the
Revenue Mobilization, Allocation and Fiscal
Commission, RMAFC.
The packages include annual salaries,
accommodation, vehicle maintenance/fuel,
personal assistant, house maintenance,
domestic staff, entertainment and utilities
allowances. Other allowances are
constituency, hardship, newspapers and
monitoring.
A critical examination of the report indicated
that the President has an annual basic salary
of N3.51 million, Vice President N3.03 million,
while ministers, Secretary to the Government
of the Federation, Head of Service and
chairmen of boards of statutory agencies have
N2.02m respectively.
As for members of constitutional bodies,
special advisers, speech writers, directors
general, Accountant General of the Federation,
permanent secretaries, CEOs of agencies and
INEC Resident Electoral Commissioners, each
has an annual basic salary of N1.9 million.

The report shows that only the President and
the Vice President in the Executive arm of
government enjoy the hardship allowances of
50 percent each of their annual basic salaries;
250 percent as Constituency Allowances and
enjoy other perks to be provided (TBP) by
government.

These benefits to be provided to the two
leaders include, but not limited to the
following: accommodation, furniture, domestic
staff, personal assistants, utilities,
newspapers, vehicles, entertainment,
maintenance and estacode.
Meanwhile, other appointees, including
ministers, advisers, permanent secretaries and
INEC Resident Commissioners are entitled to
200 per cent of their annual basic salary for
accommodation; 300 percent for furniture; 75
percent for vehicle maintenance and fuel; 25
percent for personal assistant; 75 percent for
domestic staff; 45 percent for entertainment;
30 percent for utilities; 15 percent for
newspapers, and 20 percent for monitoring.
While the President and Vice President’s duty
tours and estacode will be provided by
government, other officers have fixed rates.
The estacode allowance per day for minister,
SGF, Head of Service and Chairmen of Board is
$1000 per night on foreign trip, member of
constitutional bodies, $900 per night; special
adviser and speech writer, $800 per night,
while permanent secretary, director general
and INEC electoral commissioner take $600
per night each on foreign trips.

Vanaguard

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