Do you know that a Senator in Nigeria Earns – N29,479,749. 00 Per Year and still want more! Who says politics does not pay in Nigeria? Not me.
Check out the frivolous breakdown. You can not but laugh in pity.
A Nigerian senator’s salary package
Basic Salary – N2, 484, 245.50.
Hardship Allowance at 50% of Basic Salary – N1,242,122.70
Constituency allowance at 200% of Basic Salary – N4,968,509.00
Furniture Allowance at 300% of Basic Salary – N7,452,736.50
Newspaper allowance at 50% of Basic Salary – N1,242,122.70
Wardrobe allowance at 25% of Basic Salary – N621,061.37
Recess Allowance at 10% of Basic Salary – N248,424.55
Accommodation at 200% of Basic Salary – N4,968,509.00.
Utilities at 30% of Basic Salary – N828,081.83.
Domestic Staff at 35% of Basic salary – N863,184.12.
Entertainment at 30% of Basic Salary – N828,081.83.
Personal Assistance at 25% of Basic Salary – N621,061.37.
Vehicle Maintenance Allowance at 75% of Basic Salary – N1,863,184.12.
Leave Allowance at 10% of Basic Salary – N248,424.55.
One off payments (As advised by Sagamite Severance gratuity) at 300% of Basic Salary – N7,452,736.50 (Once they get fired.)
Motor Vehicle Allowance at 400% of of Basic Salary – N9,936,982.00 – Every Four Years
Total = N29, 479, 749.00
* 109 Senators Grand Total = N 3,264,329,264. 10
Comparison with the American system
U.S President Salary: $250,000/year
U.S. Economy GDP: $13Trillion/ year
Nigerian Senator entitlement: $1,500,000/year
Nigerian Economy GDP: $45 Billion/year
And they want more. Doctors, teachers, civil servants can’t boast of N1m a year and these guys are now calling for an upward review of their entitlements. Unarguably, the current salary package of our senators is too outrageous.
