HotIce: Annual Incomes Of Buhari And Osinbajo Revealed
The Revenue Mobilization Allocation and Fiscal Commission has
announced on their website the amount President Muhammudu Buhari and
Vice-president Professor Yemi Osinbajo will be earning annually during
their four years in office. Buhari and Osinbajo will earn annual
basic salaries of N3, 514, 705 and N3, 031, 572.50 respectively.
Apart from salaries, the president is entitled to allowances like:
Hardship, 50 per cent of the basic salary – N1, 757, 350.50;
consistency – 250 per cent, N8, 786, 762.50.
Other regular allowances will be provided by government and not paid
for. This includes motor vehicle fuelling and maintenance, special
assistant, personal assistant, domestic staff, entertainment,
utilities, security, Newspapers and periodicals, accommodation,
furniture, and duty tour allowance (per night), estacode (per night)
and medical allowances are also to be provided as requested.
The President and Vice President are not paid furniture allowance as
they are provided for. Allowances on travels will be on demand
President Buhari will take home N1, 171,568.33 each month and N14,
058, 820.00 yearly if all the allowances are added up while Osinbajo
will receive N1, 010, 524. 17 monthly and N12, 126,290.00 per annum.
Also, Buhari's severance gratuity is valued at N10, 544, 115, which is
300 per cent of basic. The retired general is reported to be entitled
to a leave allowance of N351, 470. 50, (10 per cent of basic salary)
and an optional motor vehicle loan of N14, 058, 820, at 400 per cent
to be repaid before the expiration of the president's tenure. Mr.
Osinbajo will also get allowances that are provided for Buhari and his
hardship, consistency, severance gratuity and leave allowance are set
at N1, 515, 786.25; N7, 578, 931.25; N9, 094, 717.50 and N303, 157.25
respectively. The professor will also receive a motor vehicle loan at
400 per cent of his basic salary which is N12, 126, 290; also to be
repaid at the expiration of his tenure. The salaries and allowances
are drawn from the Consolidated Revenue Fund and fixed by the RMAFC in
2007, Premium Times reports.
Meanwhile, Nasir El-Rufai, governor of Kaduna state, Friday stated he
would cut his and his deputy, Mr Barnabas Bala's, salaries by 50%
until the economic situation in the state improved.
Should Buhari and Osinbajo follow suit?
announced on their website the amount President Muhammudu Buhari and
Vice-president Professor Yemi Osinbajo will be earning annually during
their four years in office. Buhari and Osinbajo will earn annual
basic salaries of N3, 514, 705 and N3, 031, 572.50 respectively.
Apart from salaries, the president is entitled to allowances like:
Hardship, 50 per cent of the basic salary – N1, 757, 350.50;
consistency – 250 per cent, N8, 786, 762.50.
Other regular allowances will be provided by government and not paid
for. This includes motor vehicle fuelling and maintenance, special
assistant, personal assistant, domestic staff, entertainment,
utilities, security, Newspapers and periodicals, accommodation,
furniture, and duty tour allowance (per night), estacode (per night)
and medical allowances are also to be provided as requested.
The President and Vice President are not paid furniture allowance as
they are provided for. Allowances on travels will be on demand
President Buhari will take home N1, 171,568.33 each month and N14,
058, 820.00 yearly if all the allowances are added up while Osinbajo
will receive N1, 010, 524. 17 monthly and N12, 126,290.00 per annum.
Also, Buhari's severance gratuity is valued at N10, 544, 115, which is
300 per cent of basic. The retired general is reported to be entitled
to a leave allowance of N351, 470. 50, (10 per cent of basic salary)
and an optional motor vehicle loan of N14, 058, 820, at 400 per cent
to be repaid before the expiration of the president's tenure. Mr.
Osinbajo will also get allowances that are provided for Buhari and his
hardship, consistency, severance gratuity and leave allowance are set
at N1, 515, 786.25; N7, 578, 931.25; N9, 094, 717.50 and N303, 157.25
respectively. The professor will also receive a motor vehicle loan at
400 per cent of his basic salary which is N12, 126, 290; also to be
repaid at the expiration of his tenure. The salaries and allowances
are drawn from the Consolidated Revenue Fund and fixed by the RMAFC in
2007, Premium Times reports.
Meanwhile, Nasir El-Rufai, governor of Kaduna state, Friday stated he
would cut his and his deputy, Mr Barnabas Bala's, salaries by 50%
until the economic situation in the state improved.
Should Buhari and Osinbajo follow suit?
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