NIGERIAN ECONOMY CAN’T TAKE CARE OF SENATORS AND THE EXPENSIVE PRESIDENTIAL SYSTEM OF GOVERNMENT
ANY LONGER..
Senators Annual Pay World Wide:
- Sri Lanka – $5,100.00
- Malaysia – $25,300.00
- Spain – $43,900.00
- Ghana – $46,500.00
- Saudi Arabia – $64,000.00
- France – $85,900.00
- South Africa – $104,000.00
- Britain – $105,400.00
- Germany – $119,500.00
- Canada – $154 000.00
- United States – $174,000.00
*Nigeria – $2,183,685.00
The details of the remuneration of an
average Nigerian Senator is detailed below;
Monthly
- Basic Salary (B.S) – N2,484,245.50
- Hardship Allowance (50% of B.S) –
N1,242,122.70 - Constituency Allowance (200% of B.S) – N4,968,509.00
- Newspapers Allowance (50% of B.S) –
N1,242,122.70 - Wardrobe Allowance (25% of B.S) – N621,061.37
- Recess Allowance (10% of B.S) – N248,424.55
- Accommodation (200% of B.S) – N4,968,509.00
- Utilities (30% of B.S) – N828,081.83
- Domestic Staff (70% of B.S) – N1,863,184.12
- Entertainment (30% of B.S) – N828,081.83
- Personal Assistants (25% of B.S) – N621,061.12
- Vehicle Maintenance Allowance (75% of B.S) – N1,863,184.12
- Leave Allowance (10% of B.S) – N248,424.55
- Severance Gratuity (300% of B.S) –
N7,452,736.50 - Car Allowance (400% of B.S) – N9,936,982.00
- TOTAL MONTHLY SALARY = N29,479,749.00 ($181,974.00)
- TOTAL YEARLY SALARY = N29,479,749.00 x 12 =
N353,756,988.00
The average salary of Nigerian worker based on the national
minimum wage is N18,000.00. So, the yearly salary is
N18,000.00 x 12 = N216,000.00
Remember, yearly Salary of Nigerian Senator = N353,756,988.00
(three hundred fifty-three Million, seven hundred and fifty-six
thousand, nine hundred and eighty eight Naira.
Proportion: N353,756,988.00/N216,000.00 = 1,638
It will take an average Nigerian worker 1,638 years to earn the
yearly salary of a Nigerian Senator.
If you Love Nigeria your Country Join the #REFORMNIGERIA PROTESTS
MIKE IGBOKWE
A BANKER AND WRITES FROM
OWERRI.