The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has reviewed the salaries of the President, Vice President, Senate President and Speaker of the House of Representatives and Speakers in the 36 states of the federation, as well as well other legislators in both the National and State Assemblies among other public officers in the country.
The release by the RMAFC showed that President Muhammadu Buhar’s annual salary and allowances stand at N14. 4 million; his Basic Salary being N3,514,705 and Hardship allowance, N1,757,350:50. Constituency N 8,786,762:50 and Leave Allowance – N351,470.
When he completes his tenure, Buhari will receive a 400 percent increase in his salary amounting N14.058 million, as gratuity.
The Federal Government is to provide him with all his needs including vehicles, Special Assistants, Personal Assistants, entertainment, security, utility bills,newspapers, medical bills and clothing.
The RMAFC did not specify the president’s estacode and Duty Tour allowance.
Vice President Yemi Osinbajo is to receive an annual Basic Salary of N2,064,400; Hardship allowance of N1, 515, 786.25 and a Constituency Allowance of N7,578,931.25, bringing his total annual earning to N12.1million.
About 75 percent of his annual basic salary would be paid for vehicles and their maintenance if he chooses to buy his vehicles and maintain them. He is to receive another 25 percent to hire his Personal Assistants; 75 per cent for domestic staff; 45 per cent for entertainment, 30 per cent for utility, 20 percent of his salary for monitoring; 200 per cent for accommodation and 300 percent for furniture.
He is to receive 10 percent of his salary as Leave Allowance and 300 per cent as gratuity upon a successful completion of his tenure.