Pres. Buhari and VP Osinbajo to Earn N14.4m and N12.1m Annual Salary

After few weeks in Office the Revenue Mobilization Allocation and Fiscal Commission, RMAFC published the annual salary of President, Vice President, Senate President and Speaker House of Representatives, as well as other Law makers in both the National and State Assemblies and also other Public Officers in Nigeria.

According to RMAFC reports President Buhari will receive an annual salary and Allocation of N14.4 million. Break down Analysis shows that his Basic Salary is N3,514,705 and hardship allowance, N1,757,350:50., Constituency N8,786,762:50 and leave Allowance – N351,470.

Mr President will receive a 400 percent in his salary amounting to N14.058 million, as gratuity upon a successful completion of his tenure. The government is to provide him with all his needs including Vehicles, entertainment, Security, Special Assistant, Personal Assistant, clothing, medical bills, newspapers and also utility bills but the President’s estacode and Duty Tour Allowance was not specified.

The Vice President, is to receive N12.126,290 million annually, the break down shows that the Basic Salary amounts to N2,064,400 , Hardship allowance N1,515,786.25 and Constituency Allowance of N7,578,931. About 75 percent of the Vice President's basic salary would be paid for vehicles and their maintenance that’s if he chooses to maintain or buy his vehicle.

The VP is to receive another 25 percent to hire his personal assistant, 45 percent for entertainment, 75 percent for domestic staff and 30 percent for utility. He is also to receive a separate 20 percent of his salary for monitoring, 200 percent for accommodation and 300 percent for furniture.  H e will receive N35,000 for his duty tour allowance per night, and an estacode of $900 per night.

His leave Allowance is 10 percent of his Salary and 300 percent as gratuity upon a successful completion of his tenure.

Source; Vanguard

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