President Muhammadu Buhari, Vice president, Yemi Osinbjo, ministers and other political appointees have earned N2.295 billion as official salaries and allowances in the last one year, Economic Confidential reports.
The report obtained by the Economic Intelligence magazine, showed that the official remunerations of the President, Vice-President, cabinet ministers, Secretary to the Government of the Federation and the Head of Service of the Federation, among other chief executives, were in tandem with the approval of the Revenue Mobilization, Allocation and Fiscal Commission, RMAFC.
The packages include annual salaries, accommodation, vehicle maintenance/fuel, personal assistant, house maintenance, domestic staff, entertainment and utilities allowances. Other allowances are constituency, hardship, newspapers and monitoring.
An analysis of the report indicated that the President has an annual basic salary of N3.51 million, Vice President N3.03 million, while ministers, Secretary to the Government of the Federation, Head of Service and chairmen of boards of statutory agencies have N2.02m respectively.
As for members of constitutional bodies, special advisers, speech writers, directors general, Accountant General of the Federation, permanent secretaries, CEOs of agencies and INEC Resident Electoral Commissioners, each has an annual basic salary of N1.9 million.
The report shows that only the President and the Vice President in the Executive arm of government enjoy the hardship allowances of 50 percent each of their annual basic salaries; 250 percent as Constituency Allowances and enjoy other perks to be provided (TBP) by government.
These benefits to be provided to the two leaders include, but not limited to the following: accommodation, furniture, domestic staff, personal assistants, utilities, newspapers, vehicles, entertainment, maintenance and estacode.
Meanwhile, other appointees, including ministers, advisers, permanent secretaries and INEC Resident Commissioners are entitled to 200 per cent of their annual basic salary for accommodation; 300 percent for furniture; 75 percent for vehicle maintenance and fuel; 25 percent for personal assistant; 75 percent for domestic staff; 45 percent for entertainment; 30 percent for utilities; 15 percent for newspapers, and 20 percent for monitoring.
While the President and Vice President’s duty tours and estacode will be provided by government, other officers have fixed rates.
The estacode allowance per day for minister, SGF, Head of Service and Chairmen of Board is $1000 per night on foreign trip, member of constitutional bodies, $900 per night; special adviser and speech writer, $800 per night, while permanent secretary, director general and INEC electoral commissioner take $600 per night each on foreign trips.
