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Buhari To Earn N14 Million As Annual Salary, Allowances - Politics - Nairaland

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Buhari To Earn N14 Million As Annual Salary, Allowances by Obascoetubi: 2:17pm On May 30, 2015
Nigeria’s new president, Muhammadu Buhari, and his deputy, Yemi Osinbajo, will earn annual basic salaries of N3, 514, 705 and N3, 031, 572.50 respectively, according to the information on the website of the Revenue Mobilization Allocation and Fiscal Commission.

The RMAFC is statutorily empowered by Section 32 (d) of Part 1 of the Third Schedule of the Constitution to determine the remuneration appropriate for political office holders.

Apart from the salaries, the president is entitled to various regular 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 like motor vehicle fuelling and maintenance, special assistant, personal assistant, domestic staff, entertainment, utilities, security and Newspapers and periodicals are to be provided by the government – not paid for.
Allowances like accommodation, furniture, and duty tour allowance (per night), estacode (per night) and medical allowances are also to be provided as requested.

The allowances are paid periodically, some monthly, a few once in four years. Duty Tour Allowance and Estacode depend on travels.
For instance, furniture allowance to other cadre of officials, like ministers and the Secretary to the Government of the Federation, is given once in four years. The President and Vice President are not paid furniture allowance as they are provided for.
When all allowances payable each month are added, President Buhari will take home N1, 171,568.33 each month, and N14, 058, 820.00 yearly.

Vice President Osinbajo will receive N1, 010, 524. 17 monthly, and N12, 126,290.00 per annum.

Details of Allowances

The president’s severance gratuity is N10, 544, 115, that is 300 per cent of basic; he is 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 such as motor vehicle, feeding and maintenance, special assistant, personal assistant, domestic staff, entertainment utility, security, newspaper and periodicals.

While the number two man’s hardship, consistency, severance gratuity and leave allowance are at N1, 515, 786.25; N7, 578, 931.25; N9, 094, 717.50 and N303, 157.25 respectively.

He will also receive a motor vehicle loan at 400 per cent of his basic salary which is N12, 126, 290; to be repaid at the expiration of his tenure.
The salaries and allowances are drawn from the Consolidated Revenue Fund.

The current salary structure and allowances were fixed by the RMAFC in 2007.

Before the review, the basic annual salary of the then president, Olusegun Obasanjo, was N2,586,000 per annum, while that of his deputy, Atiku Abubakar was N1,938,000 the same as that of the Chief Justice of Nigeria and the Senate President, both heads of the judiciary and the legislature.

This was as a result of the review of the salary structure and associated allowances for the top federal public office holders earlier carried out by the National Salaries and Wages Commission.
This followed the review of the salary structure and associated allowances for the top federal public office holders earlier carried out by the National Salaries and Wages Commission.

That review, which took effect on May 1, 2000, was contained in a memo SWC.04/S.1/Vol.1V/186 dated May 15, 2000 and signed by G.P.O. Chikelu, the then Chairman of the Commission.



http://www.premiumtimesng.com/news/headlines/184046-buhari-to-earn-n14-million-as-annual-salary-allowances.html

5 Likes 5 Shares

Re: Buhari To Earn N14 Million As Annual Salary, Allowances by amuniiopz(m): 2:22pm On May 30, 2015
I dedicate my FTC to my new president may God Almighty give you the strength and wisdom to rule this great country to a greater heights.

66 Likes 6 Shares

Re: Buhari To Earn N14 Million As Annual Salary, Allowances by thaoriginator: 2:23pm On May 30, 2015
Unlike one useless donkey kong that eat #1billion per year

152 Likes 3 Shares

Re: Buhari To Earn N14 Million As Annual Salary, Allowances by Acekidc4(m): 2:25pm On May 30, 2015
Re: Buhari To Earn N14 Million As Annual Salary, Allowances by engrjacuzzi: 2:27pm On May 30, 2015
smh.....all these are blatant lies. PMB, we voted you to do d magic u said and up till now we haven't seen change.
remember, you said u belong to all and belong to none.

97 Likes 2 Shares

Re: Buhari To Earn N14 Million As Annual Salary, Allowances by Kingspin(m): 2:27pm On May 30, 2015
Is too much na wats he gona do with such amount at 75yrs?
.
Note: It appear that this govt will be run like campaign were the media will try to paint the administration GOOD. I see it coming..

82 Likes 7 Shares

Re: Buhari To Earn N14 Million As Annual Salary, Allowances by abduljabbar4(m): 2:28pm On May 30, 2015
Its too much.

15 Likes 3 Shares

Re: Buhari To Earn N14 Million As Annual Salary, Allowances by drizzydrag(m): 2:29pm On May 30, 2015
U beat me to dis... I wanted to open d thread... Bad network!

2 Likes 1 Share

Re: Buhari To Earn N14 Million As Annual Salary, Allowances by Realdeals(m): 2:30pm On May 30, 2015
We don hear

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Re: Buhari To Earn N14 Million As Annual Salary, Allowances by abduljabbar4(m): 2:32pm On May 30, 2015
engrjacuzzi:
smh.....all these are blatant lies. PMB, we voted you to do d magic u said and up till now we haven't seen change.
remember, you said u belong to all and belong to none.
What do you mean by 'we'? Did you vote for him? When the President Jonathan was chilling with 4 billion feeding allowance and 5 private jets you didn't complain

243 Likes 5 Shares

Re: Buhari To Earn N14 Million As Annual Salary, Allowances by Nobody: 2:32pm On May 30, 2015
Excluding the overbloated contracts, white elephant project looting, kickbacks and other illegal earnings.

50 Likes 5 Shares

Re: Buhari To Earn N14 Million As Annual Salary, Allowances by Ventura1: 2:33pm On May 30, 2015
You mean this is the same allowance and salary GEJ receive to build that house he's retiring to

95 Likes 8 Shares

Re: Buhari To Earn N14 Million As Annual Salary, Allowances by BabaNath(m): 2:33pm On May 30, 2015
They need to be fast about whatever they are doing cause I'm occupying Aso villa after them

7 Likes 1 Share

Re: Buhari To Earn N14 Million As Annual Salary, Allowances by abduljabbar4(m): 2:36pm On May 30, 2015
Ventura1:
You mean this is the same allowance and salary GEJ receive to build that house he's retiring to
Not to talk of the money he used for campaigns. Meanwhile there is a foolish Comment above you

37 Likes 3 Shares

Re: Buhari To Earn N14 Million As Annual Salary, Allowances by SHARIAREPORTERS: 2:37pm On May 30, 2015
Dat money is too much
Dem don dhe talk of salary now now
He shld be fast wif dis "change" he promised us
See as Buhari and dat fake pastor dhe allocate fundz to demselves
Dat money is too much, na stone dem dhe chop

17 Likes 2 Shares

Re: Buhari To Earn N14 Million As Annual Salary, Allowances by koligs: 2:37pm On May 30, 2015
ichidodo:
Now the Brainless one can afford himself some grey matter..

I don't know why some people think with their ass instead of their brain...
This dude is a complete figure head...

60 Likes

Re: Buhari To Earn N14 Million As Annual Salary, Allowances by niceguy7(m): 2:38pm On May 30, 2015
Good
Re: Buhari To Earn N14 Million As Annual Salary, Allowances by ichidodo: 2:38pm On May 30, 2015
Now the Brainless one can afford himself some grey matter..

12 Likes 1 Share

Re: Buhari To Earn N14 Million As Annual Salary, Allowances by otijah(m): 2:38pm On May 30, 2015
#LIES#

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Re: Buhari To Earn N14 Million As Annual Salary, Allowances by nairation: 2:39pm On May 30, 2015
Ahhhhh..

Hardship? as to how now...

At times ehn it is not even the presidency oo..

dose law makers are real thiefs...

6 Likes

Re: Buhari To Earn N14 Million As Annual Salary, Allowances by holluwai(m): 2:39pm On May 30, 2015
If he does a good job, the money isn't too much.

6 Likes

Re: Buhari To Earn N14 Million As Annual Salary, Allowances by Nobody: 2:39pm On May 30, 2015
The word "Hardship", I hope one day, someone will tell us it's real meaning. The "Hardship" for which a President or any political office holder is given allowance and no other civil servant passes through. . . The "Hardship" they all pass through in Abuja but is absent in Okokomaiko. . .

60 Likes 2 Shares

Re: Buhari To Earn N14 Million As Annual Salary, Allowances by Pavore9: 2:40pm On May 30, 2015
lf he delivers, no wahala.

4 Likes

Re: Buhari To Earn N14 Million As Annual Salary, Allowances by Nobody: 2:40pm On May 30, 2015
Hmmm
Re: Buhari To Earn N14 Million As Annual Salary, Allowances by Maxtermind(m): 2:40pm On May 30, 2015
I DON'T BELIEVE O....... IF WHAT YOU SAY IS TRUE...THAT MEANS THERE ARE LOTS OF HIDDEN PAYMENTS...

FAREWELL MR FORMER PRESIDENT

26 Likes

Re: Buhari To Earn N14 Million As Annual Salary, Allowances by elantraceey(f): 2:41pm On May 30, 2015
That's just to say the minimum.

4 Likes 1 Share

Re: Buhari To Earn N14 Million As Annual Salary, Allowances by freezyprinzy(m): 2:41pm On May 30, 2015
HUMM

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