04/06/2024
DETAILS OF THE REMUNERATION OF A NIGERIA SENATOR, OUR SO-CALLED LEADERS
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.
Average Salary of Nigerian Worker as recommended Nationally
Minimum Wage is N60,000.00.
So, the yearly salary is
N60,000.00 x 12 = 720,000.00.
Remember,
Yearly Salary of Nigerian Senator = N353,756,988.00
(Three hundred fifty-three Million, seven hundred red and fifty-six
thousand, nine hundred ed and eighty eigeighty-eightroportion:
N353,756,988.00/ N720,000 = 491
It will take an average Nigerian worker 491 years to earn the
Yearly Salary of a Nigerian Senator.
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